If you borrow $1500 for a year with a credit card that charges 26.8% annual interest, how much interest will you pay for the year?

asked Nov 13, 2022 110k views

2 votes

7.7k points

Please log in or register to add a comment.

2 votes

Answer:

$402

Explanation:

Interest = principal x rate x time

I = 1500 x .268

I = $402

Nickfox answered Nov 17, 2022

8.2k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers