SOLUTION: Sam was charged $484 interest for 1 month on a $4400 credit card balance. What was the monthly interest rate?

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Question 90752: Sam was charged $484 interest for 1 month on a $4400 credit card balance. What was the monthly interest rate?
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
484/4400=.11 OR 11% MONTHLY INTEREST RATE.