Ask Question
12 September, 10:51

Danielle opens a credit card with an APR of 22.79% compounded monthly. How much is charged in interest this month if her balance is $1550?

+3
Answers (1)
  1. 12 September, 14:02
    0
    1550 * 0.2279 / 12 (monthly interest is 1/12 of APR)

    = $29.43
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Danielle opens a credit card with an APR of 22.79% compounded monthly. How much is charged in interest this month if her balance is $1550? ...” 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