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IrinaK [193]
3 years ago
5

Briley opens a credit card with an APR of 13.99%. How much is charged in interest this month if her balance is $2500?

English
1 answer:
wolverine [178]3 years ago
4 0
To answer the question above, let us first analyze the problem.
If the APR is 13.99%,
then the monthly rate would be 1.1658333 % ( 13.99/12 ) 
<span>A balance of $2500.00 would then costs: </span>
<span>2500 * (1.1658333/100 ) = $ 29.1458 or $29.15 </span>

<span>You can also write this as: </span>
<span>2500 * 0.01165833 = $29.15 
I hope my answer helped you</span>
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