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nevsk [136]
3 years ago
13

You have just graduated from college and purchased a car for $5000. your credit is $10,000. assume that you make no payments and

purchase nothing more and that there are no other fees. the monthly interest rate is 8%. what is the growth rate of your credit card balance per month (as a decimal)?
A) 0.2 C)0.08
B) 0.8 D)0.02
Mathematics
1 answer:
Pavel [41]3 years ago
7 0
C is the correct answer as 8% turned to a decimal is .08
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