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?

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asked Oct 22, 2021 57.9k views

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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?

Mathematics
high-school

Etki asked

by Etki

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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:

Cyber User answered Oct 28, 2021

by Cyber User

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