Question
Please help me with these five questions Sandra has a balance of $2,745 on her credit card. If the card has an annual rate of
Please help me with these five questions
Sandra has a balance of $2,745 on her credit card. If the card has an annual rate of 25.49% how much is the finance charge for this month?
A. $25.49
B. $58.31
C. $191.70
D. $699.70
Tonya opens a credit card in which the minimum monthly payment is 10%. Her current balance is $1,950, not including the finance charge, and the APR is 17.5%. Assuming she makes a payment of $300 this month, how much will the minimum monthly payment be for the next month?
A. $341.25
B. $167.84
C. $195.00
D. $291.59
Bethany opened a store credit card to purchase a TV for $589. She put the entire purchase on the credit card. Her APR is 29.99% and the minimum payment is 5%. Assuming she makes only minimum payments, what is the remaining balance on her card after 3 months?
A. $504.99
B. $532.24
C. $545.90
D. $574.27
Samantha uses her credit card to pay for a collision repair that ended up totaling $1,433.41. She can pay off up to $500 a month. The card has an annual rate of 16.5%. How much will she pay in interest?
A. $236.51
B. $472.64
C. $47.24
D. $39.23
Milton opens a store credit card when he purchases appliances for his kitchen. The interest rate is 17.45%. He charges $3,740 to the card, and can pay $1,350 per month. What will the total cost of his purchase be?
A. $3,740.00
B. $3,846.37
C. $4,392.63
D. $4,886.37
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