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If you borrow $1000 for a year with a credit card that charges 27.9% annual interest, how much interest will you pay for the year?

If you borrow $1000 for a year with a credit card that charges 27.9% annual interest, how much interest will you pay for the year?
asked 883 views
4 votes
if you borrow $1000 for a year with a credit card that charges 27.9% annual interest, how much interest will you pay for the year?

asked
User Peska
by
7.8k points

1 Answer

3 votes

Answer:

$279.00

Explanation:

answered
User Barnstokkr
by
8.4k points
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