Question

Farrah opens a credit card with an APR of 17.75% compounded monthly. How much is charged in interest this month if her balance is $1,750?

$17.75

$25.89

$145.83

$310.63

Answer 1

\[interest = Balance*\frac{APR}{n}\]
since its compounded monthly, n = 12

Answer 2

what's the balance?

Answer 3

what she owes...it says in the question 1750

Answer 4

I got 258854 :(

Answer 5

and sorry I didn't see the balance lol

Answer 6

did you change percent to decimal....17.75% = 0.1775

Answer 7

ohh lol I misplaced my decimal lol. It's 25.89 right? :)

Answer 8

yep :)

Answer 9

yay :)