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OpenStudy (anonymous):
Barbara opens a credit card with an APR of 19.99%. How much is charged in interest this month if her balance is $1250?
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OpenStudy (anonymous):
"APR "?
OpenStudy (anonymous):
annual percentage rate
OpenStudy (anonymous):
I = P x r x t/100 where I = Simple Interest P= principal r= rate t=time The formula is I=PRT P=principal,the money deposited or taken out. R=rate,the percent intrest T=time,the time elapsed or the daily basis
OpenStudy (anonymous):
i think the want u to find the principal
OpenStudy (anonymous):
though not sure
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