At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Based on the APR given, the amount that he'll pay for the month will be $426.95.
How to calculate the monthly payment
Since the APR is given as 15%, the monthly interest rate will be:
= 15%/12 = 0.0125
The amount spent is $316, the amount each month will be:
= $316 × 0.0125
= $3.95
Since Marcus has credit card he owed $423 at the beginning, the amount he'll pay for the month will be:
= $423 + $3.95
= $426.95
Learn more about APR on:
https://brainly.com/question/24703884
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
