if during a given month your average daily credit card balance is 800 and your yearly interest rate is 17%, how much interest do you owe on your credit card for that month
2 answers:
Hi there Interest you owe= Average daily balance×monthly rate Interest you owe 800×(0.17÷12)=11.33 Hope it helps
If during a given month your average daily credit card balance is $800 and your yearly interest rate is 17%, then the interest you owe on your credit card for that month would be: $11.33
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