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megan3226
megan3226
01.12.2021 • 
Mathematics

What is the periodic interest rate for an account that is billed monthly with an APR of 21.99%? Round your answer to the nearest hundredth. (2 points) 1.83%
1.84%
2.19%
2.55%
2.
(02.04 MC)

Mario's current credit card balance is $1,876.01 with a minimum payment of $59.00. Over the next month, he plans to spend $565.00. If the APR is 23.99%, what will Mario's new balance be, including interest? (2 points)
$2,326.06
$2,382.01
$2,429.63
$2,698.01
3.
(02.04 MC)

Athena's credit card has an APR of 21.99%. If her current monthly balance, before interest, is $3,257.16, what amount will she be charged for interest? (2 points)
$50.19
$55.25
$59.69
$61.63
4.
(02.04 MC)

Bristol's credit card has a 24.99% APR, a minimum monthly payment of 2.5%, and a current statement balance of $3,761.18. She spends $500.00 in purchases and makes the current minimum monthly payment of $94.03. What will be Bristol's next minimum monthly payment? (2 points)
$86.78
$104.18
$106.35
$107.56
5.
(02.04 LC)

Haddad purchases a new surround sound system with a store credit card. If Haddad pays the minimum monthly payment, he will have his balance paid off in 41 months. If he pays an additional $15.00 each month, he will have his balance paid off in 27 months. What percent of time will Haddad save by paying the extra $15.00 per month? (2 points)
15%
29%
34%
66%

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