jonny24
Answered

You have two credit cards one has a balance of $3745 at a 6.25% APR and the other has a balance of $1045 and is dependent upon your credit score your score is 500 how much total interest is occurred in the first month

Verified Answer :

bireland203

we only know what the rate of one card is, so 3745*.0625 = 234.0625

$234.06 interest in the first month

guillia01owp7b7

Answer:


3745 .0625 / 12  + 1045 .1025 / 12 = 28.43


the closest is 28.44


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