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Seth missed the due date for his credit card payment. His credit card company will charge him $20 and an APR of 27%. What is the amount of interest he would have to pay at the 2…

Seth missed the due date for his credit card payment. His credit card company will charge him $20 and an APR of 27%. What is the amount of interest he would have to pay at the 2…
asked 183k views
10 votes
Seth missed the due date for his credit card payment. His credit card company will

charge him $20 and an APR of 27%. What is the amount of interest he would have to
pay at the 27% APR?

asked
User HolKann
by
8.8k points

1 Answer

7 votes
20 x 1.27 = 25.4
so 27% APR will put him up to $25.4
answered
User NiVeR
by
7.9k points
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