sandriyathomas3987 sandriyathomas3987

04-12-2019
Mathematics

contestada

you maintain an average balance of $975 on your credit card which carries a 12% annual interest. what is the monthly interest payment?

Respuesta :

ummuabdallah ummuabdallah

08-12-2019

Answer:$9.75

Step-by-step explanation:

1/12 of 12%

1/12 × 12/100 = 1%

1% of $975

1/100 × $975

= $975/100

=$9.75

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