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If the annual interest rate on your credit card is 29% how much interest will you pay monthly?
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4 votes
If the annual interest rate on your credit card is 29% how much interest will you pay monthly?

User Ranga
by
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2 Answers

4 votes
i’m pretty sure it’s 10.75
User Matthew Usurp
by
4.1k points
4 votes

Answer:

10.75%

Explanation:

100% (what you normally pay)

29% (interest)

100+29=129

129%

129% divided by 12 (12 months) = 10.75

User Denis Arslanbekov
by
3.2k points
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