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billyneedshelp
billyneedshelp billyneedshelp
  • 18-02-2017
  • Mathematics
Answered

If a credit card company charges 18% interest in the unpaid balance, and you owed $2,000 3 months ago and have been delinquent since, how much do you owe?

Verified Answer :

melhunt99
melhunt99 melhunt99
  • 18-02-2017

Find the interest: I=prt. I=2000(.18)(.25). I=360(.25). I=90. Add the interest to how much you previously owed: 2000+90=2090. You now owe $2,090 :)

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