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21 January, 22:55

You have two credit cards. One had a balance of 3745 at a 6.25% APR and the other has a balance of 1045.00 and is dependent upon your credit score. Your score is 500. How much total interest is axcrued in the first month? (Rate for score of 500 is 10.25%)

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  1. 22 January, 01:39
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    3745 (.0625/12) + 1045 (.1025/12)

    19.5052+8.9260

    $28.43 (to nearest cent)
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