3 years ago

A credit card charges 15% annual interest. What is the interest charged for one month on a balance of $900?

Mathematics

1 answer:

UNO [17]3 years ago

3 0

Answer:

1.25% monthly interest

Step-by-step explanation:

15% yearly interest

1.25% monthly interest

(15/100)/12=0.0125=1.25%

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