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The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?

The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?
asked 3.9k views
2 votes
The interest on Karen's credit card balance is 23%. If her balance is $720, how much will she pay in interest? How much is her payment?

asked
User Cobberboy
by
8.5k points

1 Answer

5 votes
She needs to pay $885.60, which is $165.60 of interest.

(123/100)×720=885.60(payment)
885.60-720=165.60(amt of interest)
answered
User Pierre Rymiortz
by
7.7k points
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