Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she could

only make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,

how much will she owe on her next bill?

$123

$100

$103

$113

Question

Alyssa

Mathematics

26 January, 05:06

Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she could

only make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,

how much will she owe on her next bill?

$123

$100

$103

$113

+5

Answers (1)

Know the Answer?

Keaton · Answer 1

Step-by-step explanation:

$120 = the amount to pay for the shoe

$20 paid for the month

Balance to pay = $100

Then 3% interest rate on credit card = 3% of $100=$3

Therefore amount to pay = $3+$100=$103

Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she couldonly make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,how much will she owe on her next bill?$123$100$103$113

Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she could

only make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,

how much will she owe on her next bill?

$123

$100

$103

$113