document.write( "Question 370742: Elaine was charged $126 interest for 1 month on a $1800 credit card balance. What was the monthly interest rate? \n" ); document.write( "

Algebra.Com's Answer #264268 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!


\n" );
document.write( "Hi,
\n" );
document.write( "Let x represent the % of interest
\n" );
document.write( "x%*1800 = 126
\n" );
document.write( "x = (126/1800) * 100 = 7%, the monthly interest \n" );
document.write( "

\n" );