You have a credit card with a balance of $1,256.34 and a 9.5% APR. A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28. How much interest did you pay?

Question

Mathematics

Newt

13 January, 00:03

You have a credit card with a balance of $1,256.34 and a 9.5% APR. A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28. How much interest did you pay?

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Finley Gibbs · Answer 1

For the answer to the question above asking How much interest did you pay if y ou have a credit card with a balance of $1,256.34 and a 9.5% APR. A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28.

int is about 1% per mo so is either 9.95 or 8.36

So the equation is

(1256.34 *.095/12) = ?

I don't have a calculator but you can solve it from that.