Task 2: Interest in Finance Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure out how much the interest rate is based on this amount?
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Home » Mathematics » Task 2: Interest in Finance Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate.