A consumer charges a $46.92 purchase on a credit card. The card has a daily interest rate of 0.039%. If the consumer pays off the balance at the end of 30 days, how much in interest will be paid for the purchase?
a.
$0.06
b.
$0.18
c.
$0.55
d.
$5.49

Respuesta :

Answer:

The correct answer is C: $0.55 hope this helped

Step-by-step explanation:


The interest that will be paid on the purchase is $0.55.

What is the interest?

Interest is the amount that is usually paid on a loan. It is the cost of acquiring a loan. Interest increases the cost of borrowing.

Monthly interest = daily interest x number of days x amount borrowed.

0.00039 x 30 x $46.92 = $0.55

To learn more about interest, please check: https://brainly.com/question/26164549

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