Question

Gavin has an outstanding balance of $4620 on his credit card at the beginning of

May. The interest rate charged on the credit card is 21% p.a.
(a) Calculate the interest that Gavin is charged on the card for the month of May
if he makes no further payment on the amount outstanding.

Answer 1

Explanation:

21/100 = 0.21 4620(0.21) = 970.2

PARA ENCONTRAR LA CANTIDAD QUE LE COBRAN POR MES

870.2/12 = $80.85