Register

John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest…

John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest…
57.9k views
2 votes
John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest per month? Per year?

User Etki
by
8.6k points

1 Answer

3 votes

Answer:

17064 is how much he has in the year minus the interest. 4536 interest a year and 378 per month

Explanation:

User Cyber User
by
7.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!