Ask Question
26 October, 20:45

Barney has a balance of $780 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest over the course of a year if he transfers his balance to a credit card with an APR of 19.1%, compounded monthly? (Assume that Barney will make no payments or new purchases during the year, and ignore any possible late-payment fees.)

+4
Answers (1)
  1. 26 October, 21:16
    0
    Barney can save

    $119.66

    in interest over the course of a year if he transfers his balance to a credit

    card with an APR of 19.1%, compounded monthly. The correct answer between all

    the choices given is the first choice or letter A.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Barney has a balance of $780 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest over the ...” in 📙 Mathematics 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