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luda_lava [24]
3 years ago
14

Samuel has a balance on his credit card of $766 if the APR on the credit card is 20-point 43% compounded monthly how much is he

charged in interest this month
Mathematics
1 answer:
Elenna [48]3 years ago
6 0
To find the answer you would use this formula:

I = 766(0.2043)*(1/12)

So the answer of how much he is charged in interest for that month is:

$13.04

Hope this helps!
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