# SOLUTION: Phillip charged \$400 worth of goods on his credit card. On the first bill, he was not charged any interest, and he made a payment of \$20. He then charged another \$18 worth of goods

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 Question 315913: Phillip charged \$400 worth of goods on his credit card. On the first bill, he was not charged any interest, and he made a payment of \$20. He then charged another \$18 worth of goods. On his second bill a month later, he was charged 2% interest on his entire unpaid balance. How much interest was Phillip charged on his second bill? i cant figure out how to do this problem please help?Answer by rfer(12662)   (Show Source): You can put this solution on YOUR website!400-20+18=398 398*.02=\$7.96