You have a balance of $15,300 on your credit card with an 18% interest rate (1.5% per month). You pay $200 this month. Did your balance go up or down?
Will fan and medal

Question

You have a balance of $15,300 on your credit card with an 18% interest rate (1.5% per month). You pay $200 this month. Did your balance go up or down?
Will fan and medal

anonymous · Answer

down

anonymous · Answer

thank you

anonymous · Answer

hes right

igreen · Answer

@kmyers14 Please do not give answers, it's against OpenStudy's Code-of-Conduct. We are here to guide the asker to the answer, so we need his/her participation.

Please read the $\bf\color{blue}{\underline{{\href{http:///openstudy.com/code-of-conduct}{Code-of-Conduct}}}}$ to learn more.

anonymous · Answer

im not new here i just made a new account i dont want people to know who i am anymore

anonymous · Answer

because i always get bullied so whats the point of giving my identity out

mrnood · Answer

@Seneca101 
you need to be careful of accepting direct answers - you cannot be sure that the poster knows what he is talking about.

In this case I warn oyu that you will be mistaken to take the answer given above.

mrnood · Answer

@kmyers14 @qwertyboy56
your answers are not correct.
(AGAIN @qwertyboy56  - why post answers to questions that you do not have the competence to help on???)

anonymous · Answer

down was correct so i dont know why your getting upset

mrnood · Answer

1.5% of $15,300 is $229.5

if you only paid $200 then your balance goes UP

down is not correct

anonymous · Answer

well thats what it told me it showed that it was correct

mrnood · Answer

If you look at my calculation you will find it is correct

I'm not sure what showed you that 'down' is correct - but, assuming you posted the question correctly I can assure you that your balance increased if you only paid $200 on that loan

anonymous · Answer

ok