Question

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month?

Answer 1

You are paying 11% interest on a credit card balance of $2,000. 
=> 2 000 * .11 =  220 dollars is the interest.
Next is to total or sum up the amount to be paid.
=> 2 000 + 220 = 2220 dollars