Mathematics, 07.10.2019 14:20 Molly666

You just obtained a credit card. you immediately purchase a stereo system for $200. your credit limit $1000. lets assume that you make no payments and purchase nothing more and there are no others fees. the monthly interest rate is 1.42%.
what is the growth rate of your credit card balance?
a. 0.42
b. 0.0142
c. 14.2
d. 142

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