Register

You have a credit card balance of %188, and you pay annual interest on the unpaid balance of 18%. If you pay $50 on your balance, how much interest will you pay for the next mon…

You have a credit card balance of %188, and you pay annual interest on the unpaid balance of 18%. If you pay $50 on your balance, how much interest will you pay for the next mon…
114k views
0 votes
You have a credit card balance of %188, and you pay annual interest on the unpaid balance of 18%. If you pay $50 on your balance, how much interest will you pay for the next month on the remaining balance?

HEELLPPP PLEEASEE

User Eric Vicenti
by
8.3k points

1 Answer

6 votes
$27.79. First multiply the percentage as a decimal out of 100. Subtract that number from the original amount. Do the same thing with the number you got from subtracting(multiply by percentage then subtract from starting amount(the new one)) you end up with $27.79
You have a credit card balance of %188, and you pay annual interest on the unpaid-example-1
User KiranM
by
7.9k points
← Prev Question Next Question →

No related questions found

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

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!