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Can someone please check two Financial Algebra questions for me? I really want to get a 100% on this quiz (:
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Barbara opens a credit card with an APR of 19.99%. How much is charged in interest this month if her balance is $1250? $19.99 $20.82 $249.88 $16.66
Bob opened a credit card at a department store with an APR of 23.99% compounded monthly. What is the APY on this credit card? 26.81% 2.00% 47.98% 32.91%
My answer for question 1: B My answer for question 2: A
@amistre64 Sorry to bother you again! Can you please check my answers and see if I was correct on either of them? (:
Never mind, I got them right :D
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