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John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest…

John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest…
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John maintains an average monthly balance on his credit card of about $1800. His credit card company charges 21% annual interest. How much is he spending on credit card interest per month? Per year?

asked
User Etki
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8.6k points

1 Answer

3 votes

Answer:

17064 is how much he has in the year minus the interest. 4536 interest a year and 378 per month

Explanation:

answered
User Cyber User
by
7.3k points
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