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If the interest rate on a charge card is 1.25% on the unpaid balance and your unpaid balance this month is $312, how much interest will you pay this month? P.S. The answer is 53.90, I dont know how though.
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If the interest rate on a charge card is 1.25% on the unpaid balance and your unpaid balance this month is $312, how much interest will you pay this month?

P.S. The answer is 53.90, I dont know how though.

User Aravinthan M
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4 votes
The answer is not $53.90.

If your unpaid balance is $312 at a 17.27% interest rate, your answer would be $53.90
User Dustin Nielson
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