fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300?

Question

03-01-2018
Mathematics

contestada

fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300?

Respuesta :

Otras preguntas

In the alternation of generations life cycle the spore undergoes mitosis to become a A. gametophyte. B. sporophyte. C. spore. D. gamete

The Taft-Hartley Act intended to do which of the following? A) curb the laws that gave too much power to union leaders B) grant US veterans benefits upon return

What is a tariff? a Mongol calendar the title of a Mongol leader a Mongol weapon a tax on imported goods

Here are some sentences about playing a band.For each question, complete the second sentence so that it means the same as the first. Use no more than three word

what's the expression of 2000 divided by 50

my number is a multiple of 5 it is less than 100 and has a factor of 6 what is the number

Which number is equivalent to 0.15 x 10³?

Which statement best explains why cells were observed in more detail using a compound microscope than a simple microscope?

my number is a multiple of 5 it is less than 100 and has a factor of 6 what is the number

ahmedishaal ahmedishaal · Answer 1 · 2018-01-12T23:27:22+01:00

ahmedishaal ahmedishaal

12-01-2018

The answer is "$16.52".

APR of 15.25%
How much is charged in interest this month if her balance is $1,300
15.25% compounded monthly = 15.25/12 = 1.27083% monthly interest rate

1.27083% of $1,300 = 0.0127083 x 1300 = $16.52
thus, the amount charged in interest is $16.52.

Answer Link

DAlTaie4707 DAlTaie4707 · Answer 2 · 2020-12-01T06:05:38+01:00

DAlTaie4707 DAlTaie4707

01-12-2020

Answer:

"$16.52".

Step-by-step explanation:

Answer Link