Question

Chrissy currently has a credit card that charges 15% interest. She usually carries a balance of about $500. What will her total annual interest be with her current card?

Answer 1

Answer:

$900

Step-by-step explanation:

If she holds $500 and she is charged 15%; it means

The interest she pays per month is ;

$500 × 15/100 = $75

Then annually meaning for 12 months, she pays;

$75 × 12 = $900

Answer 2

Answer of the question is900