The difference between the interest accrued by a $976.34 credit card and $100.00 in a savings account with an APR interest of 2.75% over one month is $8.52.
<h3>What is interest?</h3>
Interest refers to the finance charge levied on a loan (e.g. a credit card balance) and the revenue received by the lender or saver.
<h3>Data and Calculations:</h3>
Credit card balance = $976.34
Interest rate (APR) = 10.75%
Monthly payment = $100
Interest accrued on $976.34 = $8.75 ($976.34 x 10.75% x 1/12)
Interest on savings account of $100 = $0.23 ($100 x 2.75% x 1/12)
Difference in interest over the card and account = $8.52 ($8.75 - $0.23)
The difference between the interest accrued by a $976.34 credit card and $100.00 in a savings account with an APR interest of 2.75% over one month is $8.52.
Learn more about interest payments at brainly.com/question/2151013
#SPJ1
Answer: 1747067797/2500000000
Step-by-step explanation:
Rewrite the decimal number as a fraction with 1 in the denominator
0.6988271188=0.6988271188/1
Multiply to remove 10 decimal places. Here, you multiply top and bottom by 10 to the 10 power = 10000000000
0.6988271188/1 * 10000000000/10000000000 * 6988271188/10000000000
Answer:
20
Step-by-step explanation:
You basically just plug in the numbers given for the variables and solve.
2(7)+3(2) = 14+6= 20