SOLUTION: last month visa credit card charged $42.65 in interest (finance charges) on a balance of $2725. what apr is the visa card company charging?
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Question 323511: last month visa credit card charged $42.65 in interest (finance charges) on a balance of $2725. what apr is the visa card company charging?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
42.65/2725=0.015651376 for the month
0.015651376*12=0.1878=18.78% apr
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