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You have a balance of $4,600 on your credit card. The interest rate is 12% (1% per month). The late payment fee is $40.
You miss a payment. What are your fees plus interest for the month?

Respuesta :

gia23760

Answer:

$86

Step-by-step explanation:

first you gotta find the interest

4,600 * 1% = 46

so the interest is $46

then you add the interest and late fees together to get the payment for the month

46 + 40 = $86

your total cost is $86

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