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3 years ago

10

Danielle opens a credit card with an APR of 22.79% compounded monthly. How much is charged in interest this month if her balance

is $1550?

1 answer:

salantis [7]3 years ago

8 0

1550 * 0.2279 / 12 ( monthly interest is 1/12 of APR)

= $29.43

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