Question

Jesse has a balance of $1200 on a credit card with an APR of 18.7%, compounded monthly. About how much will he save in interest over the course of a year if he transfers his balance to a credit card with an APR of 12.5%, compounded monthly? (Assume that Jesse will make no payments or new purchases during the year and ignore any possible late payment fees.)

A. $181.46
B. $117.85
C. $85.77
D. $87.33

Answer 1

No, bad.
Go to mathematics section, that's where this belongs.

Answer 2

okayy

Answer 3

85.77