document.write( "Question 78703: Elaine was charged $195 interest for 1 month on $1,000 credit card balance. What was the monthly interest rate?\r
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document.write( "Am I supposed to multiply $1,000 by $195???? \n" );
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Algebra.Com's Answer #56434 by checkley75(3666)![]() ![]() ![]() You can put this solution on YOUR website! NO! \n" ); document.write( "WHAT YOU NEED TO DO IS DIVIDE 195 BY 1000 \n" ); document.write( "195/1000=.195 OR 19.5% IS THE MONTHLY INTEREST RATE. \n" ); document.write( " |