Today Hugo got a new credit card, and he made a purchase of S$1400. The card offers an introductory APR of 0% for the first 5 mo

Question

3 years ago

5

Today Hugo got a new credit card, and he made a purchase of S$1400. The card offers an introductory APR of 0% for the first 5 mo

nths and a standard APR of 30.8% thereafter. If the card compounds interest monthly, how much money will the introductory APR save Hugo in interest over the first 5 months? (Assume that Hugo will make no payments or additional purchases during the first 5 months, and ignore any possible late payment fees.)

Mathematics

2 answers:

yKpoI14uk [10] · Answer 1 · 2022-07-04T14:12:45+03:00

yKpoI14uk [10]3 years ago

6 0

Answer:

189 (I don't remember the decimal)

Step-by-step explanation:

I just took the apex quiz

nikitadnepr [17] · Answer 2 · 2022-07-04T16:11:01+03:00

nikitadnepr [17]3 years ago

3 0

Answer: 189.13 - Apex