Respuesta :
The amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53 based on the APR.
What is APR?
Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors
For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate.
The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:
Principal paid = $47.67+$47.23+$46.80+$46.37+$45.94+$45.52
=$279.53
Therefore, the amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.
In conclusion, the correct option is D.
Learn more about APR on:
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Complete question:
How much of the amount of the $5200 charge has Francisco paid off in the first month?
