How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if a 22% annual rate is charged? You will have to pay $ in interest. (Round to two decimal places.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if a 22% annual rate is charged?
You will have to pay $ in interest. (Round to two decimal places.)
Transcribed Image Text:How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if a 22% annual rate is charged? You will have to pay $ in interest. (Round to two decimal places.)
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