A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay? a. $0.32 b. $3.19 c. $31.88 d. $318.78 Please select the best answer from the choices provided

Question

Revolt · Accepted Answer

C

The Economy and You

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay? a. $0.32 b. $3.19 c. $31.88 d. $318.78 Please select the best answer from the choices provided

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The Economy and You

A consumer charges a $2,530.16 purchase on a credit card. The card has a daily interest rate of 0.042%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay? a. $0.32 b. $3.19 c. $31.88 d. $318.78 Please select the best answer from the choices provided

More from this Course