Asked by Mohd Najyasyraf Hussin on Jul 14, 2024
Verified
Marliss made a $780.82 purchase on her Visa card. Including 45 days' interest, the amount billed on her credit card was $798.63. What annual interest rate does her card charge?
Interest
Payment made for the use of borrowed money, calculated as a percentage of the principal sum.
- Work out the interest rate, principal, and the total amount required to be paid on loans and investments according to simple interest.
Verified Answer
CT
Learning Objectives
- Work out the interest rate, principal, and the total amount required to be paid on loans and investments according to simple interest.