Today Nick got a new credit card and made a purchase of $1200. The card
has an introductory APR of 0% for the first 6 months and a standard APR of
27.24% thereafter. If the card compounds interest monthly, how much will the
introductory APR save Nick in interest over the first 6 months? (Assume that
Nick will make no payments or additional purchases during the first 6
months and ignore any possible late payment fees.)
O
O
O
O
A $27.24
B $163.44
a $1,37
R $173.00
SUBMIT