Harold has a balance of $2200 on a credit card with an APR of 31.3%, 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 19.1%, compounded monthly? (Assume that Harold will make no payments or new purchases during the year, and ignore any possible late payment fees.)

Question

anonymous · Answer

go to the mathematics group

mathslover · Answer

@gus_bus_21 Welcome to OpenStudy . Please post this in Mathematics group. you can either go directly to mathematics group by clicking on the link : http://openstudy.com/study#/groups/Mathematics or go to the Find more subjects just right to the fans option , search for mathematics group and post it there.

mathslover · Answer

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