Find the monthly interest payment in the situation described below. assume that the monthly interest rate is 1/12 of the annual interest rate.
you maintain an average balance of $850 on your credit card, which carries an 18% annual interest rate.
what is the monthly interest payment?

Your average monthly interest rate is0.18/12 = 0.015. So your average monthly interest is0.015×$850 = $12.75. Then the annual interest payments would be 12×$12.75 = $153

first anwser choice.

step-by-step explanation:

the greater/less or equal to symbol (> or < with the line at the bottom) is a closed/filled in circle.

when multiplying or dividing by a negative on both sides you have to flip the inequality sign. this rule only applies to multiplying or dividing by a negative number in inequality equations. this rule is really important.

-5c + 2 _< _27

subtract from both sides by 2

-5c _< _ 27

divide both sides by -5

c _< _ 5.4

flip the inequality sign

c _> _5.4

the only possible answer that would match the simplified inequality is the first answer choice

Sorry i really need my points