A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the

Question

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay?
a.
$0.32
b.
$3.19
c.
$31.88
d.
$318.78

GPT-5 mini · Answer

Interest = principal × daily rate × days = 2530.16 × 0.00042 × 30 = 31.880016 ≈ $31.88.

Answer: c. $31.88

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay?
a.
$0.32
b.
$3.19
c.
$31.88
d.
$318.78

All Answers 1

Submit Your Answer

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay? a. $0.32 b. $3.19 c. $31.88 d. $318.78

All Answers 1

Submit Your Answer

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay?
a.
$0.32
b.
$3.19
c.
$31.88
d.
$318.78