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Posted by on Thursday, March 25, 2010 at 3:16pm.

Stever was charged $60.00 interest for 1 month on a 3,000 credit card balance. What was the monthly interest rate.

  • math - , Thursday, March 25, 2010 at 3:20pm

    Rate = interest/(principal x time),
    = 60/(3000(1/12))
    = ....

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