Seth missed the due date for his credit card payment. His credit card company will charge him $20 and an APR of 27%. What is the amount of interest he would have to pay at the 27% APR?

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asked May 16, 2022 183k views

10 votes

Seth missed the due date for his credit card payment. His credit card company will

charge him $20 and an APR of 27%. What is the amount of interest he would have to
pay at the 27% APR?

Mathematics
high-school

HolKann asked

by HolKann

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1 Answer

7 votes

20 x 1.27 = 25.4
so 27% APR will put him up to $25.4

NiVeR answered May 21, 2022

by NiVeR

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