Question

Sam has a credit card balance of $562.37. He paid $200 of the balance this month and plans to pay the remainder of it next month. The annual interest rate for Sam’s credit card is 17.9%, which means he will pay 1.49% interest per month.
a. If Sam makes no other payments or charges on the credit card during the next, what is the amount of interest that will be added to his next month’s bill?

b. What will be the total amount Sam will owe on his credit card next month if he plans to pay the balance in full?

Answer 1

Answer:

The correct answers are:

a. $367.77!

b. $195!

Step-by-step explanation:

a. 5.4 + 362.37 = 367.77

the real equation:

$562.37 - $200 = $362.37 + $5.40 = $367.77

b. Sam will owe $195 if he plans to pay the balance full.

The equation is a subtraction equation.

To find the answer. subtract the new month bill (367.77) from the original balance (562.37) and then BOOM! You got your answer.

$562.37 - $367.77 = $195

So there you have your answers. I hope this helps!

;)

(P.S. Please mark this as brainliest please I would really appreciate it)

Answer 2

Answer:

A. $5.40 PLUS original amount (362.37) =367.77

B. I think it is asking for the sum stated above. I don't know, this question is worded weird.

Step-by-step explanation:

You first find your new value. Subtract the 200$. Now you are working with $362.67 Then, multiply that by your interest rate of 0.0149: Thus giving you the amount of interest he owes. Add them together and boom!

I hope this helps, I really tried. No guarantees, have a lovely day!