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You make a purchase of $1,987.54 using a rewards credit card that gives you 2% cash back. If the credit card has a 17.85% apr and you do not make your first months payment, how much is the difference between
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3 votes
You make a purchase of $1,987.54 using a rewards credit card that gives you 2% cash back. If the credit card has a 17.85% apr and you do not make your first months payment, how much is the difference between the first months interest and the reward

User Eriktous
by
5.8k points

2 Answers

5 votes
198.75 397.50 355

The answer is around 315 very hard to get an exact number
User Mabedan
by
5.6k points
4 votes

The answer is:

$10.35

User Drakonli
by
6.4k points
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