Unlike credit card purchases, interest charged on cash advances is already incurred even if you pay before the due date.
32% is the annual interest rate
1 month is the term
200 is the principal
32% / 12 months = 2.67% per month
200 * 2.67% = 5.34 monthly interest
200 * 32% = 64 annual interest
64/12 = 5.33 monthly interest
She has to pay $5.34 in interes
Answer:
If we divide that by 15 years, we get an annual yield of
$3,000 per year.
Step-by-step explanation:
welcome :)
72 is multiples of 3,9, and 12
The answer is 7.75. Since there can not be 7.75 days, you can round that to 8 and say that it's almost 8 days. Hope this helps!
The right answer is
0.627
