Question

Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest over the course of a year if she transfers her balance to a credit card with an APR of 10.8%, compounded monthly? (Assume that Lois will make no payments or new purchases during the year, and ignore any possible late payment fees.)

Answer 1

$152.51
y o u r  a n s w e r i s a b o v e

Answer 2

Answer:

$152.51

Step-by-step explanation:

Apex