Ask a New Question

Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?

Ask a New Question or answer this question.

Similar Questions

Credit Cards Quick Check1 of 51 of 5 Items Question Which of these credit card purchases would charge the most interest?(1
1. 1 answer
Which of these credit card purchases would charge the most interest?(1 point) Responses a $150 purchase with a monthly interest
1. 1 answer
Determine the cost of credit for a 2-year, $5,000 credit card loan with a monthly payment of $257.67, which corresponds to a
1. 1 answer
Determine the cost of credit for a 2-year, $5,000 credit card loan with a monthly payment of $257.67, which corresponds to a
1. 1 answer

more similar questions