stealthdoze
02-04-2006, 11:12 PM
Carmel owes $2902.40 on her bankcard.
(a) If the interest rate is 15.5%, how much interest will she pay per year?
(b) Interest is calculated dail at 0.04246% and charged monthly. How much will Carmel pay for a 30day month?
(c)If she pays $500 off her bankcard bill on 15th July, how much interest will she pay for this month?
I've figured out a, b.
(a) If the interest rate is 15.5%, how much interest will she pay per year?
(b) Interest is calculated dail at 0.04246% and charged monthly. How much will Carmel pay for a 30day month?
(c)If she pays $500 off her bankcard bill on 15th July, how much interest will she pay for this month?
I've figured out a, b.