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slava [35]
3 years ago
10

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
Mathematics
2 answers:
lesya692 [45]3 years ago
8 0
Hi there

Interest you owe=
Average daily balance×monthly rate
Interest you owe
800×(0.17÷12)=11.33

Hope it helps
Vlad [161]3 years ago
6 0
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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