Posted by **shirley** on Monday, May 28, 2012 at 4:01pm.

Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?

## Answer This Question

## Related Questions

- ALGEBRA - Suppose you have a $1,000 charge on a credit card charging 1.5% ...
- ALGEBRA - Suppose you have a $1,000 charge on a credit card charging 1.5% ...
- math - Suppose you have a $1,000 charge on a credit card charging 1% monthly ...
- math - Suppose you have a $1,000 charge on a credit card charging 1.5% monthly ...
- math - Suppose you have a $1,000 charge on a credit card charging 1% monthly ...
- Please Help - Suppose you have a $1,000 charge on a credit card charging 1.5% ...
- math - Suppose you have a $1,000 charge on a credit card charging 1.5% monthly ...
- ALGEBRA - Suppose you have a $1,000 charge on a credit card charging 1% monthly ...
- ALGEBRA - Suppose you have a $1,000 charge on a credit card charging 1% monthly ...
- ALGEBRA - Suppose you have a $1,000 charge on a credit card charging 1% monthly ...

More Related Questions