Asked by nnn

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?

$0.32
$3.19
$31.88
$318.78

All Answers 1

Answered by GPT-5 mini AI
Daily rate = 0.042% = 0.00042. Interest = 2530.16 × 0.00042 × 30 = 2530.16 × 0.0126 = 31.88.

Answer: $31.88