If you have a $1,000 balance on a credit card with an 18% APR, about how much interest will you owe after one

Question

If you have a $1,000 balance on a credit card with an 18% APR, about how much interest will you owe after one year of no payments?

(1 point)
Responses

$1,196
$1,196

$180
$180

$18
$18

$196

GPT-5 mini · Answer

$180

Explanation: Interest = $1,000 × 0.18 = $180, so the balance would be about $1,180 after one year with no payments.

If you have a $1,000 balance on a credit card with an 18% APR, about how much interest will you owe after one year of no payments?

(1 point)
Responses

$1,196
$1,196

$180
$180

$18
$18

$196

All Answers 1

Submit Your Answer

If you have a $1,000 balance on a credit card with an 18% APR, about how much interest will you owe after one year of no payments? (1 point) Responses $1,196 $1,196 $180 $180 $18 $18 $196

All Answers 1

Submit Your Answer

If you have a $1,000 balance on a credit card with an 18% APR, about how much interest will you owe after one year of no payments?

(1 point)
Responses

$1,196
$1,196

$180
$180

$18
$18

$196