3. You place the $100.00 in a savings account that earns a 2.75% APR. What is the difference in interest between savings earned and cred card interest paid?

4. How much is paid toward the credit card principal at the end of the first month?

Question

3. You place the $100.00 in a savings account that earns a 2.75% APR. What is the difference in interest between savings earned and cred card interest paid?

4. How much is paid toward the credit card principal at the end of the first month?

anonymous · Answer

You owe $976.34 on a credit card that has an interest rate of 10.75% APR. You pay $100 at the end of each month.

anonymous · Answer

3. You place the $100.00 in a savings account that earns a 2.75% APR. What is the difference in interest between savings earned and cred card interest paid?

4. How much is paid toward the credit card principal at the end of the first month?

anonymous · Answer

3. $2,341.27
4. $313.17