Ask Question
BusinessBusiness
13 February, 13:45

If fabrice has a 1200 balance on his credit card this month and an apr of 20%, his interest charge for this month will be

+5
Answers (1)
  1. 13 February, 17:18
    0
    If Fabrice has a 1200 balance on his credit card this month and an apr of 20%, his interest charge for this month will be?

    APR is the annual percentage rate of interest being charged to Fabrice annually, or yearly. To find the monthly percentage rate divide the annual rate by 12 months. If his APR is 20% he pays 1.67% of interest each month on the card. Fabrice interest on a $1,200 balance is $19.20.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If fabrice has a 1200 balance on his credit card this month and an apr of 20%, his interest charge for this month will be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A new forklift is purchased for $10,000 with $2,000 down in cash and the remainder due in 60 days. the journal entry would include:
Answers (1)
Which statement is an example of post-secondary education? A. core classes such as math and English that one takes in high school B. vocational classes such as marketing or computer-aided design that one may take in high school C.
Answers (1)
11. Which ones of the four examples below is an example of value-migration? a. No one buys typewriters anymore, but they buy PCs even to type. b. HP now produces laser printers that can accept emailed inputs as well. c.
Answers (1)
Your car will weave back and forth but should respond normally to steering in which case?
Answers (2)
Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division Q Sales $ 510,000 $153,000 $357,000 Variable expenses 312,120 87,210 224,910 Contribution margin 197,880
Answers (1)
New Questions in Business
Which of the following is an example of passive income? (1) portfolio income, including interest, dividends, annuities, and royalties (2) income from rental real estate earned by a no real estate professional (3) winnings from gambling (4) state and
Answers (1)
A zoo animal with an infectious disease needs to be If there is no means to keep the animal in.
Answers (1)
According to IFRS, all of the following pieces of information about property, plant, and equipment must be disclosed in a company's financial statements and footnotes except for: a. useful lives. b. acquisition dates. c. amount of disposals
Answers (2)
Although Elton Mayo originally intended to collect data for a traditional scientific management study, his breakthrough research led to further research on the kinds of things that drive employees to successfully meet and exceed productivity goals
Answers (1)
If the 10-year Treasury bond rate is 5.3 % , the inflation premium is 2.8 % , and the maturity-risk premium on 10-year Treasury bonds is 0.
Answers (1)
Home » Business » If fabrice has a 1200 balance on his credit card this month and an apr of 20%, his interest charge for this month will be
Sign Up Forgot Password?