A community for students.
Here's the question you clicked on:
← 55 members online
 0 viewing
starrhunter
 one year ago
Becca opens a credit card with an APR of 22.99%. How much is charged in interest this month if her balance is $1750?
$19.16
$22.99
$33.53
$402.33
starrhunter
 one year ago
Becca opens a credit card with an APR of 22.99%. How much is charged in interest this month if her balance is $1750? $19.16 $22.99 $33.53 $402.33

This Question is Closed

Rav
 one year ago
Best ResponseYou've already chosen the best response.0APR means Annual Percentage Rate. So after a month (which is how much of a year?) the percentage is probably going to be [Balance]*[APR]/[months in year].

kropot72
 one year ago
Best ResponseYou've already chosen the best response.1The monthly interest rate is 0.2299/12 expressed as a decimal. Interest for this month is \[\frac{1750\times 0.2299}{12}=$?\]
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.