A certain credit card carries a 10% simple annual interest rate. If Holly missed her payment one month on an unpaid balance of $840 , how much interest will she have to pay?

Question

anonymous · Answer

$7 i believe.... i might be wrong. i went .1/12 and then multiplied that answer $840

anonymous · Answer

Is it what you need help with?

amistre64 · Answer

@faman39 ping your post like this and it sends a link to it to the person pinged

anonymous · Answer

I = prt 
= 840 * 10% * 1/12 =  $7

faman39 · Answer

http://openstudy.com/users/faman39#/updates/4f593b00e4b0c9fd2d4c26f5

anonymous · Answer

Hey, I see all problems solved!