Suppose you maintain an average balance of $900 on your credit card.
If the annual interest rate is 18%, how much do you owe in interest per
month? Assume monthly interest rate is 1/12 of annual interest rate.
Round your answer to the nearest cent.

Question

02-10-2022
Mathematics

Answered

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Suppose you maintain an average balance of $900 on your credit card.
If the annual interest rate is 18%, how much do you owe in interest per
month? Assume monthly interest rate is 1/12 of annual interest rate.
Round your answer to the nearest cent.

Sagot :

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Suppose you maintain an average balance of $900 on your credit card. If the annual interest rate is 18%, how much do you owe in interest per month? Assume monthly interest rate is 1/12 of annual interest rate. Round your answer to the nearest cent.

Sagot :

Other Questions

Suppose you maintain an average balance of $900 on your credit card.
If the annual interest rate is 18%, how much do you owe in interest per
month? Assume monthly interest rate is 1/12 of annual interest rate.
Round your answer to the nearest cent.