Mathematics, 18.04.2020 00:16 julesR1987

A bank is offering you an introductory credit card promotion. Your interest for the first year is 8%. But, at the beginning of the 2nd year your interest rate will go up to 23%. If you have an $1,800 balance on your card throughout both years, what will be the difference in the monthly interest owed during year 1 and year 2?

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