Question

Phillip charged $400 worth of goods on his credit card. On his first bill, he was not charged any interest, and he made a payment of $20. He then charged another $18
worth of goods. On his second bill a month later, he was charged 2% interest on his
entire unpaid balance. How much interest was Phillip charged on his second bill?

Answer 1

2% of (400-20+18)

Answer 2

$7.96

Answer 3

how did u get 7.96