@UsukiDoll @eLg @Directrix @ganeshie8

Barney has a balance of $780 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 Barney will make no payments or new purchases during the year, and ignore any possible late-payment fees.)

A. $119.66
B. $445.14
C. $162.74
D. $282.40
@Euler271

Question

@UsukiDoll @eLg @Directrix @ganeshie8

Barney has a balance of $780 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 Barney will make no payments or new purchases during the year, and ignore any possible late-payment fees.)

A.	$119.66
 		B.	$445.14
 		C.	$162.74
 		D.	$282.40
@Euler271