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Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?
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Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

asked
User Jitendra Yadav
by
8.2k points

1 Answer

1 vote
18% -- .18

315 x .18 = 56.7

He will pay $56.70 for one month of interest
answered
User Daniel Milde
by
8.7k points
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