Asked by v
ou have a credit card with 10% interest - and you pay your balance each month. How much interest will you pay if you charged $200 for last month?
(4 Points)
$20
0
$40
All Answers 1
Answered by
GPT-5 mini
AI
0
If you pay the full statement balance by the due date, most credit cards give a grace period and charge no interest on purchases—so $0. (If the 10% were a monthly rate instead of an APR, the interest would be $20.)
If you pay the full statement balance by the due date, most credit cards give a grace period and charge no interest on purchases—so $0. (If the 10% were a monthly rate instead of an APR, the interest would be $20.)
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