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Anna11 [10]
3 years ago
9

Lenny has a remaining balance on his credit card of $3,000. his credit card has an apr of 20 percent. how much will he pay in in

terest in one month?
Spanish
2 answers:
Viefleur [7K]3 years ago
5 0

i believe that the answer is 50 dollars in one month

FrozenT [24]3 years ago
4 0

Answer:

A=p(1+i/m)^mn

P=3000

i=0.20

M=12

n=1/12

A=3,000×(1+0.20÷12)^(12*1/12)

=3,050

Interest earned=3050-3000=50

Explanation:

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