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Samuel has a balance on his credit card of $766 if the APR on the credit card is 20-point 43% compounded monthly how much is he charged in interest this month
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Nov 6, 2019
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Samuel has a balance on his credit card of $766 if the APR on the credit card is 20-point 43% compounded monthly how much is he charged in interest this month
Mathematics
middle-school
Neno Ganchev
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To find the answer you would use this formula:
I = 766(0.2043)*(1/12)
So the answer of how much he is charged in interest for that month is:
$13.04
Hope this helps!
XYz Amos
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Nov 10, 2019
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XYz Amos
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