Answered

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Susan has a credit card balance of $2000. The credit card company charges 19% per annum simple interest. What is the interest charge on Susan's credit card after 1month?The interest charge is $(Round to the nearest cent.)

Sagot :

EXPLANATION

We will use the simple interest formula below;

[tex]S.I=\frac{PRT}{100}=\frac{2000\times19\times\frac{1}{12}}{100}=20\times19\times\frac{1}{12}=31.67[/tex]

Answer: 31.67 dollars.

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