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murrcat

Walter opens a credit card with an APR of 24.99% compounded monthly. How much is charged in interest this month if his balance is $1,105? $44.22 $23.01 $92.08 $24.99

  • 9 months ago
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  1. amistre64
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    B(r/12)

    • 9 months ago
  2. amistre64
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    11*25 = 272 272/12 ... 136/6 .... 22 or 23 bucks maybe

    • 9 months ago
  3. murrcat
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    1105(0.2499/12) = 23.01 thank you!

    • 9 months ago
  4. amistre64
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    youre welcome

    • 9 months ago
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spraguer (Moderator)
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