Guadalupe’s credit card has an APR of 23% calculated on the previous monthly balance and a minimum payment of 2% starting the month after the first purchase her credit card record for the last 7 months is shown in the table below how are her finances charges calculated

Students were requested to answer a question at education and to state what is most important for them to succeed. One which response stood out from the rest was practice. Successful persons commonly are not born successful; they become successful through hard work and commitment. This is how you can obtain your goals. in the following paragraphs some question and answer examples that you could possibly work with to enhance your knowledge and gain insight that will help you to sustain your school studies.

Question:

Guadalupe’s credit card has an APR of 23% calculated on the previous monthly balance and a minimum payment of 2% starting the month after the first purchase her credit card record for the last 7 months is shown in the table below how are her finances charges calculated

Answer:

Answer: To find the finance charge you multiply the balance times 0.23 / 12 .

To find the interest charge to an account, you have to multiply the balance by the percent rate (APR). 

The problem in this case is that interest is charged monthly, but the rate is yearly.

To fix this problem, just divide the rate by 12.  
0.23 / 12 

They may possibly hopefully assist the student resolve the question by applying the questions and answer examples. Then could potentially make some sharing in a group discussion and also study with the classmate related to the topic, so another student also have some enlightenment and still keeps up the school learning.

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