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26 September, 19:46

Manuel has a remaining balance of $563 on his credit card. His credit card company has an APR of 15 percent. How much will Manuel pay in interest for one month?

$7.04

$84.50

$15

$1.25

+5
Answers (1)
  1. 26 September, 19:48
    0
    100 : 563 = 15 : X

    100x = 8445

    x = 84.45

    Manuel will pay $84.45 in interest for one month
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