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Mathematics 15 Online
OpenStudy (anonymous):

Fay opens a credit card with an APR of 15.25% compounded monthly. How much is charged in interest this month if her balance is $1,300?

OpenStudy (anonymous):

\[1300 \times 0.1525 = 198.25\]

OpenStudy (anonymous):

for future readers, the answer is actually $16.52

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