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aev [14]
3 years ago
15

If the typical balance on Lucy's credit card is $650 and the interest rate (APR) on her credit card is 18%, how much in interest

would you expect Lucy to be charged in a typical month?
Mathematics
2 answers:
mafiozo [28]3 years ago
7 0

General Idea:

Amount \; Charged \; in \; a \; Month \; = \; Monthly \; Interest \; Rate \; \times Typical \; Creditcard\; Balance\\ \\

Amount \; Charged \; in\; a\; month =\frac{18\%}{12} \times 650 \; = 0.015\times650=9.75

Conclusion:

Amount of interest that Lucy to be charged in a typical month is <u>$9.75</u>

Alex_Xolod [135]3 years ago
6 0
(18%\12)x650=9.75 18 divide by 12 times 650
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