Mathematics, 21.04.2020 22:36 DASASDAEDWEDA
This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual percentage rate on the card is 18%. Raj’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $500 $100 0.015 $6.00 2 $406 $50 0.015 3 $361.34 $50 0.015 4 $316.01 $50 0.015 5 $270 $50 0.015 6 $223.30 $50 0.015 What is the amount of total interest charged for the first 6 months?
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This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual...
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