Mathematics, 09.04.2020 05:22 ssalusso1533

Erica has a credit card account with a local bank. She has to pay a monthly interest rate of 2.8% on the average daily balance of the amount she owes on her credit
card. Last month her average daily balance was $900. How much interest was she charged last month? (Hint: The formula 1 = PxRxT can be used if the interest
rate is per month and the time is in months.)
$

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Erica has a credit card account with a local bank. She has to pay a monthly interest rate of 2.8% on...

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