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Fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300? (4 points)

Fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300? (4 points)
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Fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300? (4 points)

asked
User Erikas Pliauksta
by
7.4k points

1 Answer

4 votes

Answer:

total charge = $ 16.52

refer to the Attachment please :)

hope this helps you ^^"

Fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged-example-1
answered
User Mawcel
by
7.7k points
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