SOLUTION: Ashton maintains an average balance of $600 on his credit card which carries an annual interest rate of 15%. A) $7.50 B) $900 C) $90 D) $75

SOLUTION: Ashton maintains an average balance of $600 on his credit card which carries an annual interest rate of 15%. A) $7.50 B) $900 C) $90 D) $75

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Question 1032594: Ashton maintains an average balance of $600 on his credit card which carries an annual interest
rate of 15%.
A) $7.50
B) $900
C) $90
D) $75
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Not sure of the question, but if you wish to calculate his interest, it is merely 15% of $600, or $90, choice C.
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