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If a florist uses her credit card to pay for a new window display that costs $1,242 and does not pay it on until the Second month, what will the 1.25% monthly interest charge be…

If a florist uses her credit card to pay for a new window display that costs $1,242 and does not pay it on until the Second month, what will the 1.25% monthly interest charge be…
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If a florist uses her credit card to pay for a new window display that costs $1,242 and does not pay it on until the Second month, what will the 1.25% monthly interest charge be at the end of the first month?

A.$12.83

B.15.53

C.16.00

D.$17.17

asked
User Philipp Andreychev
by
8.2k points

1 Answer

2 votes

Answer:

$15.53

Explanation:

Please refer to the attached image for explanations

If a florist uses her credit card to pay for a new window display that costs $1,242 and-example-1
answered
User Jaycal
by
8.9k points
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