cooper owes 3000 on a credit card that has an interest rate of 22.5 % year compounded monthly if he pays the m?
2010-06-22 6:17 am
cooper owes 3000 on a credit card that has an interest rate of 22.5 % year compounded monthly if he pays the minimum payment of $60 a month how much of his first payment goes toward interest?
回答 (2)
2010-06-22 6:25 am
✔ 最佳答案
interest= 3000 * 22.5% / 12
= 56.25
56.25 / 60 * 100%
= 93.75%
93.75% of minimum payment goes towards interest.
2010-06-22 6:24 am
The first month he owes I=Prt
I=3000*.225*(1/12)
3000(.225/12)=$56.25
I=3000*.225*(1/12)
3000(.225/12)=$56.25
收錄日期: 2021-05-01 13:17:36
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