To solve for the interest rate of your credit card you need to understand which variables in the above formula you have. If your minimum monthly payment is $22 on the $1000 credit card bill, which variable do you know the values of.
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Home » Mathematics » To solve for the interest rate of your credit card you need to understand which variables in the above formula you have. If your minimum monthly payment is $22 on the $1000 credit card bill, which variable do you know the values of.