Register

Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?
64.6k views
4 votes
Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

User Kalimah
by
8.7k points

1 Answer

4 votes
Andy pays 315*18/100/12=$4.725
User Uux
by
8.4k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!