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You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month? a) $11.00 b) $13.33 c) $15.33 d) $18.33

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severusm00 severusm00

Today at 7:49 AM

The correct answer is d. I=Prt. Interest=Principle x rate x time. So I = 2000 x .11 x 1/12. This equals $18.33. Hope this helps!

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