Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John had a credit card balance of $750. He made a payment of $250. The interest rate is 22.5%. How much interest did he pay?

John had a credit card balance of $750. He made a payment of $250. The interest rate is 22.5%. How much interest did he pay?

a. 102.50

b. 112.50

c. 168.75

d. 262.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Analysis On Foliated Spaces

Authors: Calvin C Moore ,Claude L Schochet

2nd Edition

0521613051, 978-0521613057

More Books

Students also viewed these Mathematics questions

Question

1. What is Ebola ? 2.Heart is a muscle? 3. Artificial lighting?

Answered: 1 week ago