Register
You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly ,on the unpaid balance. How much will you owe after 3 months? Assume you don't make
3.0k views
0 votes
You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly ,on the unpaid balance. How much will you owe after 3 months? Assume you don't make any payments during this time.

User DarkAtom
by
5.0k points

1 Answer

4 votes

Answer:

530.60 for interest on 3 months you don't make any payments

User BachT
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!