The first credit card that you received charges 12.49% interest to its customers and compounds the interest monthly. Within one day of getting your first credit card, you max out the credit limit by spending $1200.00.
a. If you do not buy anything else on the card and you do not make any payments, how much money will you owe after 6 months?
b. Given the answer from part a, how much money in interest do you owe the credit card company?
Answers
Answered by
1
Answer:
Hello how are you.......
Similar questions