Leroy's credit card has an apr of 21%, calculated on the previous monthly
balance, and a minimu...
Business, 01.10.2019 22:00 mcccreamullinsr
Leroy's credit card has an apr of 21%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. his credit card record for the last 7 months is shown in the table
below.
principal
end of
month
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previous
balance
$0.00
$26
$2593.50
$2587 02
$2580 55
$2574.10
$2567 66
new
charges
$2600.00
$0.00
$0.00
$0.00
$0.00
$0.00
payment
received
so 00
$52.00
$51.87
$51.74
$51.61
$51.48
$51 35
finance
charges
$0.00
$45 50
341539
445 27
$45 16
$45.05
$44 93
000
$6,50
$6.48
96 7
56.45
56.44
s04
ne
balance
29
$2593 50
52587 02
32580.55
$2574 10
250 06
5256124
$0.00
|
what is the total amount that leroy has paid in interest over the 7 months?
Answers: 2
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