menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance
  4. Exam
    Exam 5: Checking Accounts, Credit Scores, and Credit Cards
  5. Question
    It's April and Tamela's Credit Card Has a Balance of $1,200
Solved

It's April and Tamela's Credit Card Has a Balance of $1,200

Question 53

Question 53

Multiple Choice

It's April and Tamela's credit card has a balance of $1,200. The minimum payment due is $36. The APR is 24%. How much interest will she pay this month?


A) $21.89.
B) $22.48.
C) $23.16.
D) $23.76.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: A check drawn on a financial institution,backed

Q49: Traditional methods of payment include<br>A) cash.<br>B) coins.<br>C)

Q50: What personal information will you need to

Q51: Thomas failed to make his loan payments,

Q52: It's June and Miles's credit card has

Q54: On January 1, Pablo borrows $5,000 with

Q55: On January 1, Pablo borrows $5,000 with

Q56: What type of card allows you to

Q57: How many days do the credit bureaus

Q58: Credit reporting agencies can maintain bankruptcy information

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines