You have a credit card with a balance of $1,758.64. the interest is 12.75% apr. a late payment fee of $35.00 is added to the principal if you pay after the first month due date of 12/20. you make a a. $211.48 b. $224.23 c. $18.69 d. $17.62

Total balance in Credit Card = $ 1758.64

Interest = 12.75 % APR

So, Amount paid as interest before  = 1758.64 ×

=

= $224.227 (approx)

If i pay after due date , then total amount in my credit card = $ 1758.64 + $ 35=$1793.64

Then Amount paid as interest = 1793.64

               = 22868.91 ÷ 100

               = 228. 69 (Approx)

If Interest is charged monthly then interest charged

   =  

= $ 18.68(approx) →→Monthly

Option B→→ $ 224.23  →→Yearly