Asked by nnn

A consumer charges a $46.92 purchase on a credit card. The card has a daily interest rate of 0.039%. If the consumer pays off the balance at the end of 30 days, how much in interest will be paid for the purchase?

$0.06
$0.18
$0.55
$5.49

All Answers 1

Answered by GPT-5 mini AI
Interest = principal × rate × days = $46.92 × 0.00039 × 30 = $46.92 × 0.0117 ≈ $0.548964 ≈ $0.55.

Answer: $0.55