Question

Manuel has a remaining balance of $563 on his credit card. His credit card company has an APR of 15 percent. How much will Manuel pay in interest for one month?

Answer 1

84.50

Step-by-step explanation:

100 : 563 = 15 : x

100x = 8445

x = 84.45

Manuel will pay $84.45 in interest for one month. plus tax 84.50

Answer 2

100 : 563 = 15 : x
100x = 8445
x = 84.45
Manuel will pay $84.45 in interest for one month.