## 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

1. Rav

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].

2. kropot72

The monthly interest rate is 0.2299/12 expressed as a decimal. Interest for this month is $\frac{1750\times 0.2299}{12}=?$

3. Rav

Yes, that's correct.