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Elza [17]
2 years ago
8

Francisco's credit card has an APR of 13%, calculated on the previous

Mathematics
1 answer:
Nat2105 [25]2 years ago
3 0

The amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53 based on the APR.

<h3>What is APR?</h3>

Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors

For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate.

The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:

Principal paid = $47.67+$47.23+$46.80+$46.37+$45.94+$45.52

=$279.53

Therefore, the amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.

In conclusion, the correct option is D.

Learn more about APR on:

brainly.com/question/16937491

#SPJ1

Complete question:

How much of the amount of the $5200 charge has Francisco paid off in the first month?

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Step-by-step explanation:

Given: Sharon is conducting research on two species of birds at a bird sanctuary.

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