2
QuizMultiple Choice

Mortgages and Home Ownership — Unit test

Question 2 of 13 • Financial Literacy (WMHS) - Semester 1

This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual percentage rate on the card is 18%.Raj’s Credit Card PaymentsMonthBalancePaymentInterest RateInterest Charged1$500$1000.015$6.002$406$500.015 3$361.34$500.015 4$316.01$500.015 5$270$500.015 6$223.30$500.015 What is the amount of total interest charged for the first 6 months?$

Answer

Correct Answer:

"25.90"

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