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The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?

The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?
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2 votes
The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?

User Cobberboy
by
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1 Answer

5 votes
She needs to pay $885.60, which is $165.60 of interest.

(123/100)×720=885.60(payment)
885.60-720=165.60(amt of interest)
User Pierre Rymiortz
by
7.7k points
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