SOLUTION: J charged $400 to his credit card. His 1st bill has 0 interest, j made a $20 payment. Then j charged $18. The 2nd bill, a month later he was charged 2% interest on entire unpaid ba

SOLUTION: J charged $400 to his credit card. His 1st bill has 0 interest, j made a $20 payment. Then j charged $18. The 2nd bill, a month later he was charged 2% interest on entire unpaid ba

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Question 471669: J charged $400 to his credit card. His 1st bill has 0 interest, j made a $20 payment. Then j charged $18. The 2nd bill, a month later he was charged 2% interest on entire unpaid balance. How much interest was he charged on 2nd bill?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
398*0.02=$7.95
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