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Svet_ta [14]
4 years ago
11

Task 2: Interest in Finance Interest is a concept familiar to most people: every credit card in existence has a term called annu

al percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure out how much the interest rate is based on this amount?
Mathematics
1 answer:
Morgarella [4.7K]4 years ago
5 0

Answer:

rate = interest/$1000

Step-by-step explanation:

$1000(rate)=interest

rate = interest/$1000

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