Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
starrhunter
Group Title
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
 one year ago
 one year ago
starrhunter Group Title
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
 one year ago
 one year ago

This Question is Closed

Rav Group TitleBest ResponseYou've already chosen the best response.0
APR 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].
 one year ago

kropot72 Group TitleBest ResponseYou've already chosen the best response.1
The monthly interest rate is 0.2299/12 expressed as a decimal. Interest for this month is \[\frac{1750\times 0.2299}{12}=$?\]
 one year ago

Rav Group TitleBest ResponseYou've already chosen the best response.0
Yes, that's correct.
 one year ago
See more questions >>>
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.