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3 years ago

13

William opens a credit card with an APR of 18.63% compounded monthly. How much is charged in interest this month if his balance

is $835?

1 answer:

Karo-lina-s [1.5K]3 years ago

6 0

I think you find 18.63% of $835 and then you get your answer. I am pretty sure it is $155.56, hope this helps.

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Answer:

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Step-by-step explanation:

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Where ^ stands for raised to power.
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Step-by-step explanation:

Please see the diagram for understanding of how the angles were derived,

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