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Lenny has a remaining balance on his credit card of $800 his credit card has a APR of 20% how much will he pay in interest in one month

Lenny has a remaining balance on his credit card of $800 his credit card has a APR of 20% how much will he pay in interest in one month
asked 148k views
2 votes
Lenny has a remaining balance on his credit card of $800 his credit card has a APR of 20% how much will he pay in interest in one month

asked
User CherryNerd
by
8.5k points

1 Answer

1 vote
800*.20=160
$160 is your answer.
answered
User Cory Charlton
by
7.6k points
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