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If a credit card company charges 18% interest in the unpaid balance, and you owed $2,000 3 months ago and have been delinquent since, how much do you owe?
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If a credit card company charges 18% interest in the unpaid balance, and you owed $2,000 3 months ago and have been delinquent since, how much do you owe?

User Laquandra
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Find the interest: I=prt. I=2000(.18)(.25). I=360(.25). I=90. Add the interest to how much you previously owed: 2000+90=2090. You now owe $2,090 :)
User Beginner
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