You owe $976.34 on a credit that has an interest rate of 10.75 percent apr you $ 100.00 at the end of each month. #3 Calculate the difference between the the interest accrued by a $974.34 balance on the credit card and what $100.00 would earn in a saving account that has an interest rate of 2.75 prevent April over the span of one month

Question

You owe $976.34 on a credit that has an interest rate of 10.75 percent apr you  $ 100.00 at the end of each month. #3 Calculate the difference between the the interest accrued by a $974.34 balance on the credit  card  and what $100.00 would earn  in a saving account  that has an interest rate  of 2.75 prevent April over the span of one month

anonymous · Answer

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

anonymous · Answer

idk this one sorry

anonymous · Answer

for #4)
I think 976.34 * (0.1075/12) = 8.7464
100.00 * (0.0275/12) = 0.2292