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27 March, 05:12

Murray got a new credit card with an APR of 22% a month ago, and he just got his first credit card statement. He charged a watch for $47, a belt buckle for $19, and a pair of socks for $6. If his credit card charges interest on the previous monthly balance, how much should Murray pay now so that he doesn't have any interest charged to him on next month's statement?

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  1. 27 March, 05:51
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    The answer would be $72 because 47+19+6 = 72, therefore he should pay $72 to bring his balance down to $0, that way he does not have to pay interest
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Home » Mathematics » Murray got a new credit card with an APR of 22% a month ago, and he just got his first credit card statement. He charged a watch for $47, a belt buckle for $19, and a pair of socks for $6.
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