A consumer charges a 2530.16 purchase on the credit card the card has a daily interest rate of .042% if the consumer piece of th

Question

2 years ago

10

e balance at the end of 30 days how much more in interest will they pay for the purchase? A point $.32 be $3.19 C $31.88 D $318.78

1 answer:

svp [43] · Answer 1 · 2022-06-14T07:04:23+03:00

svp [43]2 years ago

3 0

Answer:

$31.88

Step-by-step explanation:

Given

Consumer charges = 2530.16cents

Consumer charges in dollars = $25.3016

Interest rate per day = 0.042%

Interest gotten per day = 0.042×25.3016

Interest per day = $1.06266

Interest in 30 days = ,30×1.06266

Interest in 30 days = $31.88