If the interest rate on a charge card is 1.25% on the unpaid balance and your unpaid balance this month is $312, how much interest will you pay this month?

P. S. The answer is 53.90, I dont know how though.

Question

Shaylee Boone

23 January, 09:28

+1

Answers (1)

Know the Answer?

Skylar Chapman · Answer 1

The answer is not $53.90.

If your unpaid balance is $312 at a 17.27% interest rate, your answer would be $53.90

If the interest rate on a charge card is 1.25% on the unpaid balance and your unpaid balance this month is $312, how much interest will you pay this month?P. S. The answer is 53.90, I dont know how though.