Abank charges 18.12% interest per year on a credit card account. jose' closed his account and has a balance of $529.84 that he needs to pay off. how much interest will jose' pay in the first month of paying off his balance?

Jose will pay $8 as interest in the first month of paying off hi balance.

Step-by-step explanation:

With $529.84 in his account that he has to pay,  there is a 18.12% interest per year. So, the monthly interest rate on the credit card can be calculated by using the general formula :

Monthly interest rate = 18.12% / 12

Monthly Interest rate = 9.06%

Jose must pay an interest of $8 in the first month. As the account is closed this amount will not be added to the credit card account.

false

step-by-step explanation:

the reason i say this is because for a certain length of sides you can pick any two and the length is wither equal or greater than the third side and in this case it's not.

3 + 5 = 8

8 is smaller than 9 which is the third side.

hope this : )