Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 88

CREDIT CARD BALANCE Alphy Jurarim used a credit card from Citibank Direct to help pay for tuition expenses while in college and now owes $5232.25. The interest charges are 1.75% per month. (a) Find the interest charges. __________ (b) Find the interest charges if he moves the debt to a credit card charging.8% per month on the unpaid balance. __________ (c) Find the savings.__________