Question

@ehuman @jim_thompson5910 @emma97

Melanie has a balance of $1700 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest over the course of a year if she transfers her balance to a credit card with an APR of 10.8%, compounded monthly? (Assume that Melanie will make no payments or new purchases during the year and ignore any possible late payment fees.)

A. $202.61
B. $267.28
C. $152.51
D. $314.28
@poopsiedoodle @wolfe8 @ehuman @e.mccormick @Grazes

Answer 1

i got 227.8, but it is not in the choice

Answer 2

how did you get that