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Tran has a credit card with a spending limit of $2000 and an APR (annual percentage rate) of 12%. During the first month, Tran charged $450 and paid $150 of that in his billing cycle. Which expression will find the amount of interest Tran will be charged after the first month? (0. 01) (300 dollars) (0. 01) (450 dollars) (0. 12) (300 dollars) (0. 12) (450 dollars).

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anthougo

The expression that will find the amount of interest Tran will be charged after the first month is A. (0. 01) (300 dollars).

Data and Calculations:

Credit card spending limit = $2,000

Annual percentage rate (APR) = 12%

Monthly APR = 1% (12%/12)  = 0.01

Amount charged on credit card =$450

Amount paid within the billing cycle = $150

Balance due on the credit card = $300 ($450 - $150)

Thus, Trans will be charged $3, which is expressed as A. (0. 01) (300 dollars).

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Answer:

A edge

Explanation:

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