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18 December, 14:24

Pia got a new credit card with an APR of 25% a month ago, and she just got her first credit card statement. She charged lunch for $29, a skirt for $12, and a pair of mittens for $8. If her credit card charges interest on the previous monthly balance, how much should Adele pay now so that she doesn't have any interest charged to her on next month's statement?

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  1. 18 December, 14:51
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    29+12+8=49 x 25%=12.25 divided by 12=1.02

    49+1.02=$50.02 is what she should pay.
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