Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Looking for some furniture for her new apartment, Susan visits the local swap meet in search of something cheap. Knowing that most swap meet vendors will not accept credit cards and that she will not have any money until her next payday, Susan decides to take out a $200 cash advance on her credit card at an interest rate of 32%.

If Susan had no previous balance on her credit card, and she manages to pay off the balance within 1 month, how much will she have to pay in interest?
a.
$5.33
b.
$32.00
c.
$173.33
d.
$205.33


Sagot :

The answer is going to be 32.00
lcdl

Answer:

A. $5.33

Step-by-step explanation:

edge