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20 April, 21:56

Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she could

only make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,

how much will she owe on her next bill?

$123

$100

$103

$113

+3
Answers (1)
  1. 20 April, 22:43
    0
    Step-by-step explanation:

    $120 = the amount to pay for the shoe

    $20 paid for the month

    Balance to pay = $100

    Then 3% interest rate on credit card = 3% of $100=$3

    Therefore amount to pay = $3+$100=$103
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