L : PERSONAL FINANCE
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HIGH SCHOOL
Getting a Credit Card Math Quiz
QUESTION 1 of 10: Your opening balance this month was $1,664.00. In the last thirty days you made the following purchases: $27.35, S54.15,
and $125.00. You are charged 15% annual interest (or 1.25% per month). If you pay a full month's interest on those purchases, what will your
new balance be?
a) $1,893.88
b) $1,964 33
c) $1,993.88
d) $2,100.25
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