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Msmith7971:
Francine opens a credit card with an APR of 14.75% compounded monthly. How much is charged in interest this month if her balance is $900?
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justus:
Hello there. First we have to make 14.75% to .1475 then multiply the total amount of dollars by the percentage which is now decimal, so 900$ * .1475 = answer
justus:
Let me know if you still need guidance.
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