Answered

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month

Verified Answer :

Answer: $200 because 11% times $2,000 would be $200

Answer:A ) $18.33

Explanation:

$2,000 * 0.11 = $220 ( for a year )  

Each month: 220 : 12 = $18.3333

Answer: A ) $18.33

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