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Mathematics
OpenStudy (anonymous):

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?

OpenStudy (anonymous):

2% of (400-20+18)

OpenStudy (anonymous):

$7.96

OpenStudy (anonymous):

how did u get 7.96

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