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Shawn has a balance of $1200 on a credit card with an APR of 18.7%, compounded monthly. About how much will he save in interest over the course of a year if he transfers his balance to a credit card with an APR of 12.5%, compounded monthly? (Assume that Shawn will make no payments or new purchases during the year, and ignore any possible late payment fees.)

A. $87.33 B. $181.46 C. $85.77 D. $117.85

User Lavoy
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1 Answer

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Answer:

$85.77 APEX

Step-by-step explanation:

User Mira Mira
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