You have a balance of $4,600 on your credit card. The interest rate is 12% (1% per month). The late payment fee is $40.
1 answer:
Answer:
$86
Step-by-step explanation:
first you gotta find the interest
4,600 * 1% = 46
so the interest is $46
then you add the interest and late fees together to get the payment for the month
46 + 40 = $86
your total cost is $86
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Hope this Helped
