Sunday

February 7, 2016
Number of results: 59,779

**caluculating the interest! please help**

Calculate the interest on a $1700 credit card bill that shows a 22% APR, using the average daily balance method. Assume you sent a payment of $375 on the first day of a month that has 30 days and it takes 5 days for this payment to be received and recorded. Round to the ...
*November 6, 2012 by Sarah*

**computers**

i dont understand the formula for caluculating e^x in order to write the code(java)
*October 8, 2010 by Gina*

**Present Value simple interest**

11% interest $186.00 interest paid 140 days what was the orginal amount please show calcualtion
*February 18, 2011 by Janine*

**Science**

Caluculating Mass! You push yourself on a skateboard with a force of 30 N and accelerate at 0.5m/s 2. Find the mass of the skateboard if your mass is 58 kg.
*October 12, 2010 by Adam*

**Math - Pre Algebra**

Simple and Compound Interest Find the simple interest. principal= $870 interest rate= 6% time= 9 months Please help me I need the answer for tommorow.
*April 13, 2009 by Tanisha*

**Math--Please help!!**

Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 payments, the balance is $1100. He pays off the loan when the next payment is due. What is the interest? Is it $9.17
*April 22, 2015 by Nadia*

**Algebra B PLEASE HELP**

I can't figure this out, please help... A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money ...
*December 4, 2014 by Sandra*

**please check my answer**

Please check my answer thanks :) What is the simple interest on $14,500 loan at 9% interest for 5 years Interest = $14,500 x 0.9% = 1305 x 5 = 6525
*January 7, 2008 by keleb*

**math**

the total amount of interest on this loan of $6000 for 150 days is $210.50. what is the rate of interest on this loan? If not compounded, or simple interest, then Interest=Principal(rateinterest)*time Here time is 5/12 of a year, you are given the interest and principle. ...
*August 21, 2006 by Haydee*

**Math Help Please!**

A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have ...
*April 6, 2015 by Kennabug*

**algebra**

HELP! Please Calvin invested $7500 for one year, part 12% annual interest and the rest at 10% annual interest. His total interest for the year was $890. How much money did he invest at 12%? Show work.
*September 7, 2012 by Briana*

**Economics Please Help!!!**

Why is there a difference between interest charged and interest earned? A) Banks are non-profit institutions B) Banks are profit-making institutions C) Banks must pay more than they receive D) There is no difference between interest charged and interest earned Is the answer C...
*December 21, 2015 by Sammy*

**Mathematics of INVESTMENT**

Q: Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the $2000 account. If the total yearly amount of interest earned on the $8000 account is $459 more than...
*November 9, 2015 by Princess*

**math**

The interest rate on an equity line of credit was 7 and 5/8 % last month. This month the interest rate is 9 and 3/8 %. How many percentage points has the interest rate increased? Can someone help me please? 9.375% - 7.625% = 1.750 % = 1 3/4 %
*July 27, 2007 by Glenda*

**math**

Sam invested $5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next year Sam gets interest on the interest already earned as well as on the original amount. How much will Sam's investment be worth at the end of 10 ...
*January 10, 2011 by Taylor*

**math**

please help how do you figure out the simple interest on a $14,500 loan at 9% interest for 5 years ?
*November 12, 2007 by Anonymous*

**math**

a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original investment, and r is the fixed rate of interest. If the amount of interest earned is $2.25 and the interest rate is 3%, what is P?
*February 14, 2013 by sherry*

**AP Macroeconomics**

3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your after-tax nominal rate is (1 ñ 25%) • 12% = 9%. Since 10% equals .1, we can rewrite the equation ...
*October 21, 2013 by Emily*

**tax**

Which of the following interest expenses incurred by Amanda is treated as personal interest expense and, therefore, not deductible as an itemized deduction? A. Interest expense on personal credit cards B. Bonds purchased with accrued interest C. Interest on a home mortgage ...
*March 7, 2012 by Andy*

**Algebra**

Maybe that was to confusing...we have a data sheet to fill out - 2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of 5% for two years using simple interest. Year 1...
*February 25, 2013 by Cassie*

**Pre-Algebra can you please help?!**

Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A $986.00 B $89.06 C $9.60 D $98.60
*December 9, 2014 by DerpyPegasus33*

**Algebra II**

An investment service promises to triple your money in 12 years. Assuming continuous compounding of interest, what rate of interest is needed? For the question is it asking me if simple interest or continuously compounded interest is needed? Or Is it asking for a number in the...
*May 25, 2010 by Anonymous*

**Please Help!!!! Maths**

Over a three-year period, the total interest paid on a $4500 loan was $1620. What was the interest rate?
*April 3, 2013 by Jeconiah*

**Math**

A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has $1,500 more invested at 15% than she does at 7% and her total interest for a year is $1,545, how much does she have in each account? Please show the ...
*November 1, 2014 by Chris*

**math please help?**

Nena invested some money at 7% interest and the same amount at 10%. Her total interest for the year was $850. How much did she invest at each rate?
*February 7, 2011 by anonymous*

**ALGEBRA / MATH / FINANCIAL**

PLEASE HELP.. HERE'S THE QUESTION.... RYAN IS GOING TO INVEST $4000 INTO 2 INVESTMENT OPTIONS. ONE OPTION PAYS 3% AND THE OTHER OPTION PAYS 3.5% SIMPLE INTEREST. HOW MUCH DID RYAN INVEST IN EACH OPTION IF THE INTEREST EARNED IN THE OPTION PAYING 3.5% SIMPLE INTEREST IS $94.50 ...
*September 18, 2012 by BOBBIE*

**statistics please help!**

A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually. using A=p(1+r/n)^nt
*April 12, 2010 by mark*

**History**

What is the difference between the definition of interest groups and the definition of a political party? A. Interest groups aren’t organized. B. Interest groups don’t raise money. C. Interest groups don’t try to influence government. D. Interest groups don’t focus on getting ...
*September 30, 2015 by Adam*

**social studies**

1)An interest rate is a special type of? a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a simple interest rate? a. Compound interest rates pay more interest over time b. Compound interest rates are calculated only once a year c. Compound ...
*January 7, 2015 by Leah*

**MATH HELP! Complex Interest**

Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much more? A The account ...
*December 9, 2014 by DerpyPegasus33*

**S.P**

Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total? Please help!!! :)
*February 24, 2011 by Anonymous*

**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% ...
*March 2, 2015 by Camryn*

**Business Maths**

Please how do i calculate this problem: The Raymore Company issued 10-year bonds on January 1, 2007. The 15% bonds have a face value of $100,000 and pay interest every January 1 and July 1. The bonds were sold for $117,205 based on the market interest rate of 12%. Raymore uses...
*December 10, 2009 by Peaches*

**Math Check**

A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have ...
*April 6, 2015 by Kennabug*

**math **

You deposit $2200 in an account that pays 3% annual interest. After 15 years, you withdraw the money, what is the balance if the interest is compounded quarterly? so I figure you would get 2650.00 help please
*September 2, 2011 by katie *

**Lat math question for some days. Can y'all help?**

Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account earned more interest? How much more? A The ...
*December 9, 2014 by DerpyPegasus33*

**accounting**

December Interest on a bank loan is due on January 2nd of the following year: accrue $1,000. How do u record interest expense and interest payable on a journal ledger? Would you record interest expense on the debit side and interest payable on the credit side?
*November 9, 2015 by Brandy*

**accounting**

Is the interest on a note receivables recorded if paid prior to the due date? A. Debit to interest expense B. debit to interest payable C. Credit to interest receivable D. Credit interest expense I think it's A since it's before the maturity date.
*June 20, 2014 by Deb*

**math **

You want to explain to your friend that your bank’s interest rate has gone down from 1.2% to 0.3%. Which sentence below has the correct meaning? A)My interest rate has decreased 25%. B)My interest rate has decreased 0.9 percentage points. C)My interest rate is 0.9% of what it ...
*May 9, 2013 by jordan*

**math**

Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much more? A The account ...
*November 17, 2014 by mr.E*

**Algebra B**

I can't figure this out, please help... A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money ...
*December 4, 2014 by Sandra*

**Math please check answer**

The simple interest on a $14,500 loan at 9% interest for 5 years my answer is $301.00 per month
*March 10, 2008 by Dameion*

**Math**

compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
*April 13, 2011 by John*

**Math**

compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
*April 13, 2011 by George*

**Math**

compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
*April 14, 2011 by John*

**Math Check My Work Please 2**

15. Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a. How much interest will she pay after 3 years? b. How much interest will she pay in total for the loan? $2,835.00; $6,615.00 $8,280.00; $9,720.00* $13,598.00; $19,194.00 $28,350.00;...
*March 13, 2015 by SmartyPants*

**Math, ASAP Please**

If you place $1,000.00 in a savings account with an interest rate of 5.25/month, how much should you earn in interest at the end of the month?
*October 6, 2014 by Katt<3Bob\by*

**Hogan**

Please help identify the topic subject in each paragraph: Interest rates affect our purchasing decision in a two different ways. A lower interest rate is obviously preferred to minimize expenditure being either long or short term. A lower interest rate is good when taking a ...
*January 16, 2011 by Darlene*

**Word problem**

suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.
*July 27, 2007 by Karen*

**Algebra**

Joanie takes a $6000 loan to pay for her car. The interest rate on the loan is 12%. She makes no payments for 4 years, but has to pay back all the money she owes at the end of 4 years. How much more money will she owe if the interest compounds quarterly than if the interest ...
*April 1, 2009 by Cassie*

**Math**

For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years earned interest of $1260, then how much interest would be earned in 7 years?
*August 7, 2015 by Larry*

**help**

The interest rate on a second mortgage was5 7/8 % last month. This month the interest rate is 7 3/2 %. How many percentage points has the interest rate increased? Are you sure you mean 7 3/2% ? No lender would write an intereest rate that way. Perhaps you typed a numerator or ...
*March 26, 2007 by carmen*

**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 =...
*November 14, 2014 by Anonymous1234*

**algebra2 HELP PLEASE**

If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? round to the nearest cent.
*July 7, 2012 by 26kllt*

**ALGEBRA**

An investor has $500 more invested at 7% than he does at 5%..If his annual interest is $515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the steps....
*December 13, 2009 by JAY10*

**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,...
*June 9, 2013 by Mike*

**Math**

A=P(1+r)^2 A= interest P= principle interest r= interest rate t= time in years If $4500 invested at 7% interest compounded annually yeilds $15600, for how many years was the money invested?
*April 19, 2011 by Mike*

**MATHS**

A woman borrows 100000 euro to improve her house. she borrows the money at 15% interest and repays it in full after three years. What interest will she pay? PLEASE HELP
*October 7, 2011 by Anonymous*

**algebra ll HELP PLEASE**

If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? Round your answer to the nearest cent.
*July 6, 2012 by leo*

**Maths**

Kate borrowed $19500 to buy a car. She paid the money back, plus interest in equal monthly repayments of $370 for the next 5 years How much did she pay in interest? Working out please :)
*March 16, 2011 by HEYME*

**8th grade math**

Find the interest earned on each account. $970 at 4 1/2% simple interest for 2 years. I don't know if I solved the problem correct please help: I = p x r x t = 970 x 0.42 x 2 = 814.8 I don't know what number to convert 1/4 to!
*November 28, 2012 by Destiny*

**Math**

Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method.
*June 23, 2013 by Krystle*

**math**

Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method.
*December 13, 2015 by Brenda*

**finance**

You invest $1,000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. a) How much interest will the saver earn if the interest is left to accumulate? b) How much interest will the ...
*April 3, 2011 by Anonymous*

**math**

You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?
*May 27, 2013 by maddie*

**Math**

Solve for the interest acured on a 520 investment after 4 years that has an interest rate of 4.9% per year, simple interest.
*June 16, 2013 by Courtnie*

**Simple Interest**

The Johnsons have saved $45,000. They invest their money in a bank and thei account earns 7.5% interest. How many years will it take to earn $74,000? *PLEASE PROVIDE AN EXPLANATION*
*April 9, 2012 by Marilyn*

**math**

Please help me do these problems. I dont understand how to do weighted averages. Mrs. Gleason invested a portion of 32000 dollars at 9% interest and the balance at 11% interest. How much did she invest at each rate if her total income from both investments was 3200
*November 9, 2010 by brian*

**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?
*May 28, 2012 by shirley*

**interest math**

doris browning deposited $8000 into a savings account paying 5.25% interest. how long will it take for her investment to grow to $10,100. The answer i got was 4yr 11mo 30 days but that is wrong someone please help
*November 14, 2013 by lynda*

**Math**

How do I find the exact interest on a loan for $3000 with a simple interest annual interest rate of 15% that was made on June 11 and was due on August 11.
*January 27, 2015 by Greg*

**Calculus Please help!**

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is compounded quaterly? C) Find the amount in the...
*February 21, 2014 by ALI*

**algebra (please help)**

A total of $22,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The investor wants an annual interest income of $1085 from the investments. What amount should be invested in the 4.25% bond?
*December 13, 2014 by angie*

**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...
*February 18, 2014 by Dan*

**Math**

Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put in 2400*9*.10 and it equals 2160 so i don't ...
*September 18, 2011 by Gregg*

**math**

Calculate the amount of interest on a loan of $3,200 at 6% interest for 60 days using the ordinary interest method. A. $3.16 C. $32.00 B. $31.56 D. $384.00 3200x6% divided by 60=32.00 is this correct
*May 14, 2009 by Anonymous*

**math please explian**

I know how to do simple interest on a loan but how would I figure compound interest on a loan $8,000 invested for one year at 6% compounded quarterly ? with rounded to the nearest dollar thanks in advance for explaining :)
*January 7, 2008 by keleb*

**Algebra**

Please Help. How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quartely? (Use the formula for compound interest with n compoundings per year to solve for t.)
*December 3, 2010 by Roger*

**Math Problem (please help)**

The simple interest on an investment is directly proportional to the amount of the investment. By investing $4250 in a certain bond issue, you obtained an interest payment of $106.25 after 1 year. Find a mathematical model that gives the interest I for this bond issue after 1 ...
*September 9, 2014 by Angie*

**Ordinary Interest**

A loan of $2500 is taken on March 15 and repaid September 15th. The interest rate for the loan was 17.75%. Find the interest using ordinary time and ordinary interest
*August 31, 2014 by Leslie*

**math (simple interest)**

Susan collected $1.20 interest after 6 months. What was the amount of her deposit if the bank pays 6% interest? Solve this equation: .06x = $2.40 the answer is 40
*February 19, 2007 by Spencer*

**mathematics of investment**

on what day will 8,000 earn 180 interest when invested on April 25, 2002 at 9% simple interest? use ordinary interest and actual time.
*November 22, 2014 by joan*

**math**

Mr Joyce invested $ 25,000, part at 4% interest and the remainder at 7% interest. The total income he received from his investment was $1,450. How much did he invest at each interest rate? Thank you
*October 25, 2015 by Marina*

**math**

Rachel deposited $6,004 in a savings account with simple interest. Three months later, she had earned $210.14 in interest. What was the interest rate?
*October 28, 2015 by Jessica*

**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...
*October 24, 2014 by Anonymous*

**Finance**

Danny Joe borrows $10,500 from the bank at 11 percent annually compounded interest to be repaid in six equal annual installments. The interest paid in the first year is: $_________. (Please calculate the arithmetic solution and show your work)
*December 30, 2011 by Vaness*

**Math**

Meghan deposited $2,500in an account at a bank that pays 16% compounded quarterly. Use the compound interest table to find the interest earned on the investment after 2 years. a. $921.43 b. $204 c. $2,704 d. $3,421.43 **This is a sample question** (Please Help!)
*April 21, 2015 by Markus*

**Math Interest Question**

A loan of $8,532 was repaid at the end of 12 months. What size repayment check (principal and interest) was written, if a 9.5% annual rate of interest was charged?
*January 24, 2014 by Maxie*

**Finance**

Please help me out this problem! :) suppose that I buy a 10 yr bond today for $1000 and the interest rate when the bond is issued is 5 percent. the day after I buy the bond, the market interest rate on 10yr bonds rises to 7percent. if I keep the bond for the full 10 yrs until ...
*October 9, 2010 by Tony*

**Math**

Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective interest rate of 7% ?
*September 15, 2011 by Nieda*

**Math**

I need help with this I keep putting the numbers in wrong on the formula ! PLEASE HELP Price of article = $315.50 Down payment = $31.55 Monthly payment amount = $16.50 Duration of payments = 20 months True annual interest rate to the nearest tenth = % Formula: I(Interest)= 2YC...
*June 24, 2013 by sarah*

**Algebra( check my answers)**

1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest? $22 $220 $2200 (my answer...
*September 19, 2014 by Sara*

**Math**

a man borrowed $85,000 of wich he pays a part of at 9% interest and the rest at 12% if his total interest payment is $9300 per year how much did he borrow at each rate of interest ?
*January 30, 2013 by Rigby*

**Math (Algebra/Pre-Algebra)**

Ms. Caswell deposits $450 into an account earning 8% interest per year. How much simple interest is earned after 4 years? Please explain.. I'm supposed to show work =] thank you!
*June 4, 2009 by Samantha*

**bookkeeping**

what is the july interest ?total purchase is $15,632.16 with a %10 interest rate for 10 months 86.85 88.25 89.93 91.92 my answer is 89.93 what is the first months interest for the following $7659.43 at an interest rate of %11 percent for 6months 50.78 51.49 51.90 54.26 my ...
*April 6, 2012 by susue*

**math**

Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%.What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)? please help
*April 12, 2014 by justin*

**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 ...
*February 14, 2010 by suvi*

**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.
*November 26, 2011 by MONICA*

**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.
*November 26, 2011 by MONICA*

**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.
*November 26, 2011 by MONICA*