You have a balance of $400 on a credit card with a monthly interest rate of 1.75%. How much interest will be charged when it is time for you to make your first payment on that balance?(1 point)

Question

$

Answer 1

$7.00

Answer 2

You make an $800 purchase on a new credit card that has a monthly interest rate of 1.5%. You receive your first credit card statement in the mail and the balance is $800. You make a payment of $25. What is your new balance after the payment?(1 point)
$

Answer 3

$779.00