17.1k views
0 votes
You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month

User Dbarnes
by
7.9k points

2 Answers

5 votes
Answer: $200 because 11% times $2,000 would be $200
User Ivan Vinogradov
by
8.3k points
1 vote

Answer:A ) $18.33

Step-by-step explanation:

$2,000 * 0.11 = $220 ( for a year )

Each month: 220 : 12 = $18.3333

Answer: A ) $18.33

User Alyse
by
8.1k points

No related questions found

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