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1 May, 13:58

You owe $958.62 on a credit card at a 9.7% APR. The minimum payment is $105.00. How much goes toward principal if you make the minimum payment at the end of the first month?

$105.79

$97.25

$105.72

$101.16

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Answers (2)
  1. 1 May, 14:21
    0
    The month payment is $105.79
  2. 1 May, 17:18
    0
    97.25

    Step-by-step explanation:

    958.62 x 9.7%/12 = 7.75 interest

    105 - 7.75 = 97.25
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