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29 November, 10:41

you maintain an average balance of $675 on your credit card, which carriers a 24% annual interest rate. The monthly interest payment is

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  1. 29 November, 11:32
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    To find this, we simply have to multiply the percent by the balance:

    0.24 (675) = 162

    The interest is 162, and you pay 837.
  2. 29 November, 12:09
    0
    Just find 24% of $675 and you get 162 then add that with the $675 on your credit card equaling $837
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