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16 January, 04:33

A credit card charges 15% annual interest. What is the interest charged for one month on a balance of $900?

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  1. 16 January, 07:07
    0
    1.25% monthly interest

    Step-by-step explanation:

    15% yearly interest

    1.25% monthly interest

    (15/100) / 12=0.0125=1.25%
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