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OpenStudy (anonymous):
Walter opens a credit card with an APR of 24.99% compounded monthly. How much is charged in interest this month if his balance is $1,105? $44.22 $23.01 $92.08 $24.99
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OpenStudy (amistre64):
B(r/12)
OpenStudy (amistre64):
11*25 = 272 272/12 ... 136/6 .... 22 or 23 bucks maybe
OpenStudy (anonymous):
1105(0.2499/12) = 23.01 thank you!
OpenStudy (amistre64):
youre welcome
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