0
How much interest will Linda pay per year if her credit card has a 24.9 percent interest rate and she maintains an average balance of 1800.00?
Wiki User
∙ 12y ago
Interest due = 24.9% of 1800 = 1800*24.9/100 = 448.20
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
What is the monthly interest payment on 10000 dollar loan for 3 years at 5 percent interest per month?
Assuming that the loan principal is paid off in equal installments AND the monthly payment is to be kept the same, the average simple interest paid per month for the loan may be computed as follows: $10,000 principal balance at time 0 months $0 principal balance at time 36 months ($10,000 + $0) / 2 = $5,000 average balance $5,000 is average balance throughout the period of the loan $5,000 x 5% per month = approximately $250 per month. However, the amount of REAL interest is different throughout the life of the loan.
If Marty maintains an average balance of 3500 dollars on a credit card that he uses only for necessary purchases and the bank charges 19.9 percent interest how much interest will he pay?
He pays $696.50 interest.
Marty uses a credit card for only necessary purchases. The interest rate charged by the credit card company is 19.9 percent . If he maintains an average balance of 3500 owed?
696.50 (A+)
Linda received a credit card through the mail The interest rate charged by the credit card company is 24.9 percent If she maintains an average balance of 2400 owed on the card how much will she have?
$597.60
What is the average interest rate on a balance transfer credit card?
The average interest rate on this type of card is about 14 percent. This of course varies by indivdual financial situation.
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
What companies offer credit cards with 0 percent interest on balance transfers?
There are many companies that offer credit cards with absolutely no percent of interest on balance transfers. Some of these companies are Capital One, Venture Rewards and Simmons First.
Calculate the new balance after one year on a savings account if the previous balance was 125.39 and the interest rate was 5 percent?
$131.66
A chartered bank is lowering the interest rate on its loans from 8.5 to 7.25 What will be the percent decrease in the interest rate on a given balance?
This is a 14.7059% decrease.
What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
