Ask Question
Today, 06:39

Vicky was charged $456 interest for 1 month on a $2400 credit card balance. What was the monthly rate?

+3
Answers (1)
  1. Today, 09:28
    0
    The monthly rate was 19%.

    let x represents the % of monthly interest rate

    Vicky was charged $456 interest for 1 month on a $2400 credit card balance.

    x% x 2400 = 456

    x = (456/2400) x 100

    x = 456/24

    x = 19

    19% was the monthly rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Vicky was charged $456 interest for 1 month on a $2400 credit card balance. What was the monthly rate? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers