Multiple Choice
A credit card charges 18 percent annual interest and you have a balance due on the statement date of $750. You are able to make only the minimum payment of $18. What will be the interest charge for the next 30 days assuming the credit card uses the previous balance method?
A) $11.10
B) $13.50
C) $10.83
D) $12.92
Correct Answer:
Verified
Correct Answer:
Verified
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