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ally7343

  • 3 years ago

Wilson opens a credit card with an APR of 27.65% compounded monthly. How much is charged in interest this month if his balance is $1,475?

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  1. kropot72
    • 3 years ago
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    The interest for this month is found as follows: \[$1475\times \frac{0.2765}{12}=you\ can\ calculate\]

  2. ally7343
    • 3 years ago
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    Can you help with a few more?

  3. kropot72
    • 3 years ago
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    Please post any other questions as new ones after closing this one :)

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