SOLUTION: you are paying 11% interest on a credit card balance of $2000. Which of the following best estimates the interest you are paying each month?

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Question 1114685: you are paying 11% interest on a credit card balance of $2000. Which of the following best estimates the interest you are paying each month?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
(2000*0.11)/12=18.33