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You are being charged 16% interest on your unpaid balance of $785.00. What is your interest charge?
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9 votes
You are being charged 16% interest on your unpaid balance of $785.00. What is your interest charge?

User Mavamaarten
by
4.5k points

2 Answers

6 votes

Answer: The amount of interest is $125.60

Explanation:

16% of 785= 0.16x785= 125.6

The interstate rate is 16% of the balance

User Nawfal
by
6.0k points
5 votes

Answer:

125.60

Explanation:

User Bruno Vermeulen
by
5.6k points
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