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How do credit card interest

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Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

Finance
Due to poor spending habits, Bryant has accumulated $5,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 16.75 percent! If he pays $200 per month on the card, in total, how much interest expense does Bryant pay to the ...

Intermediate Algebra
Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest rate on the credit card. 85*12=1020 1020/6000 =...

english
Choose the sentence that would make the best topic sentence in a paragraph on credit cards. A. The interest rate can jump to nearly 60 percent per year. B. Students should watch out for unexpected fees when they get a credit card. C. Some banks start charging interest from the...

com155
Having a credit card could get someone into much trouble if it is not used responsibly. I personally have nightmares when it concerns credit cards. I do not like paying interest on something when it is not necessary. I learned how to use credit cards the hard way. I ran up a ...

Math
The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve for the interest rate of your credit card, you ...

Algebra
Susan charges twice as much money on credit card with a 7.5% annual interest rate as she does on a card with 6% interest. If her total interest after 1 year is $840, how much did she charge on each card?

Finance
Rick has a credit card that charges 19% interest compounded monthly. What is the true annual rate of interest for Rick's credit card?

Credit Cards
the credit card company will: -charge interest on remaining bill -send u another bill -ur credit card will be cancelled -add montly fee If u don't pay ur entire balance each month. I chose 1st one, is it correct?

Interest
It’s time to go shopping! You grab your Best Purchase credit card, which has an annual interest rate of 18%. The unpaid balance on your card for the current billing cycle is $285.76. On your shopping trip, you purchase four items: a Blu-ray player, two 4-GB flash drives, and...

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...

Computer science
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...

8TH GRADE MATH
PLEASE HELP ASAP!!! When you use a credit card, you are charged interest each month on the balance in your account. You can use a spreadsheet to investigate the interest chargeed n a credit-card account. you use a credit card to buy a $450 airline ticket. you are charged 1.8% ...

Probability - PLEASE HELP
From industry statistics, a credit card company knows that 0.8 of its potential card holders are good credit risks, and 0.2 are bad credit risks. The company uses discriminant analysis to screen credit card applicants and determine which ones should receive credit cards. The ...

Math
PLEASE HELP ASAP!!! When you use a credit card, you are charged interest each month on the balance in your account. You can use a spreadsheet to investigate the interest chargeed n a credit-card account. you use a credit card to buy a $450 airline ticket. you are charged 1.8% ...

consumer math
You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you save by paying at the beginning of the month versus at the end of the month? second part: Imagine you put the $300 in a savings account earning 3.0% ...

grammar
i am having a hard time figuring out the adverbs and adjectives in my paragraph, can anyone help me with this? A few years ago, I had filled out an application for a credit card from capital one. I was accetped and given a spending limit of 300 dollars. I maxed out that limit ...

Financial services
You want to buy a used all-train vehicle (ATV) that costs $2800.00. You have 1100.00 in savings and can save $200.00 more a month. Your local credit union offers loans at 6.50% per annum over a term of 12 months. You have a bank credit card with an interest rate of 20.00% per ...

math
What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment each time excluding ...

math
What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment each time excluding ...

finanance
2. You charged $ 1,000 on your credit card for Christmas presents. Your credit card company charges you 16 % annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take [to the nearest month] top pay off your balance?

math
David bought a new refrigerator for $799 and charged it on his credit card. If the card charges 23% simple interest, how much interest would be added after 18 months? Round your answer to the nearest cent. I am new to this can you help explain how to do this too. Thanks!

Economics
You have a credit card that charges 18% per year interest or 1.5% per month . You buy a tv for $1000 on the credit card but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month. How much total ...

History
Caitlin wants to buy an airline ticket. but she's uncomforable taking that much cash to the counter at the airport. instead, she uses her credit card. Which advantage of credit is being demonstrated here A. emergencies B. building a credit line C. protection of purchases D. ...

Math
Determine the total amount of interest you will pay over the next 3 months on a credit balance of $725 if your credit card has an annual interest rate of 18% and you make monthly payments of 10% of the amount due, rounded to the nearest dollar.

com156
courses per year the total comes to $8,760. With this information financial aid does not begin to cover my tuition for a year. The only other option I have is to apply for a student loan, scholarship, or a credit card. There’s a downside to using a credit card because it is ...

Statistics
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...

Statistics
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...

Statistics Help Please
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...

comm 155 continued
I following is a paragraph regarding my experience with credit cards. I now need to bold the nouns and pronouns and underline the verbs. I do not know why, but I am having a hard time with this. Any help please. When I was 18, I received my first credit card. When I first ...

math
gayle has a credit card with $500 balance on it and a 19% interest rate. If she wants to pay off her card in two years, what will her monthly payments be?

Math11
You want to buy a used all-terrain vehicle (ATV) that costs $2800.00. You Have $1100.00 in savings and can save $200.00 more a month. Your local credit union offers loans at 6.50% per annum over a term of 12 months. You have a bank credit card with an interest rate of 20.00% ...

Statistics
At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in their own name, and 23% reported that they had at least one credit card in their own name and they paid ...

com155
If I could get some help on the adverbs and adjectives in the following paragraph I wrote. I personally did not have any credit cards for a very long time. In the past I have had more then I needed and found them to just cause me problems. I was young and not very aware of the...

Accounting
Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 3% charge on sales for using its card. On June 28, Hankco had $4,500 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit? A. Debit Accounts Receivable $4,...

Statistics - Help!
I really really need help with this. Can someone please look at it and let me know. At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in their own name, and ...

Math
The outstanding balance on Bill's credit card account is 3690 dollars. The bank issuing the credit card is charging 21 percent of interest per year compounded monthly. If Bill decides to pay off his balance in equal monthly installments at the end of each month for the next 17...

economic
You have a credit card that charges 18% per year interest or 1.5% per month. You buy a TV for $1100 on the credit card, but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance in the third month. How much did you pay ...

math
Phil had an unpaid balance of $1,854.50 on his credit card statement at the beginning of December. He made a payment of $45.00 during the month. If the interest rate on Phil's credit card was 2.5% per month on the unpaid balance, find the finance charge and the new balance on ...

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

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

linear algebra
The outstanding balance on Peter's credit card account is 4730 dollars. The bank issuing the credit card is charging 19.3 percent of interest per year compounded monthly. If Peter decides to pay off his balance in equal monthly installments at the end of each month for the ...

math
Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on...

Finance
As a college student, you probably receive many credit card offers in the mail. Consider these two offers. The first card charges a 17 percent APR. An examination of the footnotes reveals that this card compounds monthly. The second credit card charges 16.25 percent APR and ...

math
Need help with math problem. Tom has an unpaid balance of $2,115.75 on his credit card statement at the beginning of June. He made a payment of $85.00 during the month. If the interest rate on Phil's credit card was 11% per month on the unpaid balance, find the finance charge ...

math
Question 12.12. Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and ...

economics
What are the advantages and disadvantages of using a credit card? The good: Don't need to cary cash. Can buy needed goods on credit when you otherwise wouldn't be able to. The bad: Usually you pay high interest until the balance is zero. Most people are in debt up to their ...

finance
You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay minimum monthly payment only. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identical credit card with an APR ...

banking
If 6 percent of all credit card charges never get paid, and total credit card charges last year were $750 billion, what was the total amount of unpaid credit card charges last year?

Banking
Becky has a balance of $2,000 on her credit card. Her minimum payment is $40 on a card with an APR of 17 percent. How much of that payment will go toward paying the interest?

math
A credit card company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of two years?

math
A credit card company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of two years?

Math
our credit card has a balance of ​$5800 and an annual interest rate of 18 ​%. You decide to pay off the balance over three years. If there are no further purchases charged to the​ card, a. How much must you pay each​ month? b. How much total interest will you​ pay?

math
Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on...

Credit Cards
What are some credit card names? Such as Master Card and VISA. I need to know three more. Thanks

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...

Writing
Please help.. Did i identify all of the adverbs and adjectives in the following? I personally did not have any credit cards for a very long time. In the past, I have had more then I needed and found them only causing me problems. I was young and not very aware of the ...

Com 155
I following is a paragraph regarding my experience with credit cards. I had to use least five adverbs and five adjectives in my paragraph. I have to bold the adverbs and underline the adjectives, the only problem is I am having a hard time figuring out which are adverbs and ...

math
Sally has a balance of $2845 on her credit card. What rate of simple interest is she being charged if she must pay $26.19 interest for the 12 days her payment is late?

IT
Write a program that will give the interest rate for a new car loan based on a credit score. Credit score Interest Rate 850-720 5.56% 719-690 6.38% 660 689 7.12% 625-659 9.34% 590-624 12.45% Below 590 no credit issued. Display the user input credit score and the interest rate ...

IT
Write a program that will give the interest rate for a new car loan based on a credit score. Credit score Interest Rate 850-720 5.56% 719-690 6.38% 660 689 7.12% 625-659 9.34% 590-624 12.45% Below 590 no credit issued. Display the user input credit score and the interest rate ...

COM/155
Review pp. 517–520. Describe your experience with credit and credit cards in a brief paragraph using at least five adverbs and five adjectives in your description. Bold the adverbs and underline the adjectives Just wanted to know if this is correct or do I need to revise...

consumer math
1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a late fee. They are convenient. 2. The amount left ...

algebra
Hans purchased a prepaid phone card for $45.50. Calls cost 7 cents a minute using this card. The credit, C(in dollars), left on the card after it is used for x minutes of calls is given by the following function. C(x)=45.50-0.07x How much credit is left on the card after Hans ...

com
Can you please identify the adverbs and adjectives in the following paragraph. Having credit cards could get some people into serious debt. I had a credit card at one time. I learned the hard way about using credit cards. I was using it for anything and everything that I ...

Math
Anne now has a balance of $900 on her credit card, on which 1.5% interest per month is charged. Assume that she makes no further purchases or payments (and that the credit card company doesn't turn her account over to a bill collector). (a) Find the rule of the function g that...

business math
. Jason’s credit card’s beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of grocery. Credit card charges 24% annual percentage rate and uses the unpaid balance method.

math
If I have a $1000 charge on a credit card charging 1% interest using the adjusted balance method, minimum payment due is $40. How much will you save in interest charges in june by paying $80 instead?

statistics
The credit card industry has determined that about 65% of college student ls will be late making a minimum payment when paying their credit card every year atleast once. If 10 randomly selected students who own a credit card is selected what is the mean and standard deviation ...

Credit Cards
the least amount monthly payment on credit card is the smallest amount ull have to pay each month to keep ur card. would this be false?

com155
I recently decided to apply for a credit card. I have absolutly no credit. When I received my new credit card I was extremely excited. I thought I was going to be responsible with my new credit card but I was not. The first thing I did was go to the mall. Just two hours after ...

math 20 (finance)
Can someone walk me through how I would enter this into the calculator TMV solver. Can it be done? Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes payments of $300 every ...

math
On a vacation in cananda steve used his credit card to buy a camera for Can $250.00 trinirose: What is the value of the camera in Ja $. a)I know the asnwer is $18,125 Ja dollars b)steve has a credit limit of Ja $30,000.00.After buying the camera,how many Canadian dollars does ...

ALgebra word problem
monthly credit card interest is charged at a rate of 1.5%. after one month, total purchases plus interest equal $46.69. how much were the purchases?

English
Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. · Use at least five different pronouns in your sentences. Please let me know if I have done this correctly. While away at college my daughter ...

ALGEBRA
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 $40. How much will you save in interest charges in June by paying $80 instead?

math
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?

Algebra
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?

Please Help
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?

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $40. How much will you save in interest charges in June by paying $80 instead? $ 1

math
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 $30. How much will you save in interest charges in June by paying $60 instead? $ 1

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $30. How much will you save in interest charges in June by paying $60 instead?

english
My fiancé does not think (he) needs a credit card right now. (We) are already in enough debt. It has actually consumed (our) lives. Although most of the debt (we) have is (his),I have (my) debts too, but (they) are much smaller. (This) is why (he) does not need a credit card ...

Accounting
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: A.Debit: Cash $4,000...

statistics probablity
Each time that Ed Charges an expense to his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual amount?

com155
can you show me if the words in bold are the pronouns in the following sentences and what kind of pronoun they are? My mom and I were discussing her credit card statement over the phone yesterday. She was upset at how high her bill was. She has a 12.5% interest rate on her ...

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead?

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? $ 1

Pronoun Pratice
I have written a paragraph about credit cards using at least five different pronouns. Could you please look over it and let me know if you see any errors, if my pronoun use is correct and if the sentences are complete. If you have any input about how a sentence can be improved...

comp
Can u help me identify in my paragraph all the pronouns used by italicizing them, bold each adverb, and underline each adjective and use parenthesis for at least three comparatives and three superlatives? My friend said that she was never going to get a credit card because she...

English
Would this be an effecive thesis statement? Even though some feel as though a student having a credit card can teach financial responsibility, a credit card company should not be allowed to market to students on campus.

english
My fiancé does not think he needs a credit card right now. We are already in enough debt. It has actually consumed our lives. Although most of the debt we have is his. I have my debts too, but they are much smaller. This is why he does not need a credit card right now. A ...

ALGEBRA
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? I had $8,234.65

math
A chartered bank is raising the interest rate on its Visa credit card from 9% to 11%. What will be the percent increase in the interest charges on a given balance? Note: Please make sure your final answer(s) are in percentage form and are accurate to 1 decimal place. For ...

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.

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