you owe $1,945.61 on a credit card that has an 11.2% APR. the minimum payment due is $156.00. you decide to pay $300.00. how much do you save in interest by paying more than the minimum, assuming you make both payments at the beginning of the month?
$

Question

you owe $1,945.61 on a credit card that has an 11.2% APR. the minimum payment due is $156.00. you decide to pay $300.00. how much do you save in interest by paying more than the minimum, assuming you make both payments at the beginning of the month?
$

giasimone · Answer

@primeralph do you think you can help me on this

primeralph · Answer

In my opinion, more information is required, but here goes:
(300-156)*0.112

giasimone · Answer

thank you so much