You make a purchase of $1,987.54 using a rewards credit card that gives you 2% cash back. if the credit card has a 17.75% apr and you do not make a payment the first month, how much is the difference between the first month's interest and the reward? a.$28.81 b.$29.40 c.$19.48 d.$10.35

Option 'D' is correct.

Step-by-step explanation:

Since we have given that

Amount he make for a purchase = $1987.54

Cash back = 2%

Amount of cash back is given by

Rate of interest = 17.75%

Interest of first month will be

So, Difference between the first month's interest and the reward is given by

Hence, Option 'D' is correct.

54.667> 54.666

17.889< 17.899

these are both true