eeveelution28 eeveelution28

21-08-2021
Mathematics

contestada

please help me-- financial math!!
The balance on Taylor's credit card is $2000. It has an interest rate of 12.5%. She wants to compare the difference between paying $75 and $100 of the monthly balance. How much does she save in interest and fees if she pays $100 instead of $75?

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loconte loconte

21-08-2021

Answer:

Step-by-step explanation:

2000 * .125/12 = $20.83

at $100 remaining balance = $1920.81

at $75 remaining balance = $1945.81

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