Register
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.
209k views
0 votes
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
by
5.8k points

1 Answer

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
by
6.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!