SOLUTION: Mike has a credit card balance of ​$4000. The credit card company charges 19​% per annum simple interest. What is the interest charge on Mike​'s credit card after

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Question 1083779: Mike has a credit card balance of ​$4000. The credit card company charges 19​% per annum simple interest. What is the interest charge on Mike​'s credit card after 1​ month?
Found 2 solutions by Boreal, rfer:
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
4000*0.19*(1/12)=$63.33

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
(4000*0.19)/12=63.33