JoanabaD8arkdorianH
JoanabaD8arkdorianH JoanabaD8arkdorianH
  • 15-08-2016
  • Mathematics
contestada

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month?

a) $11.00
b) $13.33
c) $15.33
d) $18.33

Respuesta :

HomertheGenius
HomertheGenius HomertheGenius
  • 18-08-2016
$2,000 * 0.11 = $220 ( for a year ) 
Each month: 220 : 12 = $18.3333
Answer: A ) $18.33
Answer Link
Hussain514 Hussain514
  • 19-08-2016
As we know that
 I=Prt
simply putting the values
I=2000*.11*1/12
=220*1/12
=18.33
so correct option is D 
hope it helps
Answer Link

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