Answer:
Esther would be charged $72.88.
Explanation:
To calculate Esther's interest charge, we need to know the interest rate and the length of time the balance has been outstanding.
Given that Esther's credit card balance has been outstanding for 52 days, and the interest rate is 25.99%, we can use the following formula to calculate her interest charge:
Interest = (Principal x Rate x Time) / 365
Where:
Principal = the amount of the balance
Rate = the interest rate as a decimal
Time = the length of time the balance has been outstanding
Using this formula, we can calculate Esther's interest charge as follows:
Interest = (1950 x 0.2599 x 52) / 365
Interest = 72.88
Therefore, Esther would be charged $72.88 in interest if the rate is 25.99%.