Question:

Manuel has a remaining balance of $563 on his credit card.

Last updated: 7/28/2022

Manuel has a remaining balance of $563 on his credit card.

Manuel has a remaining balance of $563 on his credit card. His credit card company has an APR of 15 percent. How much will Manuel pay in interest for one month? (A) $7.04 (B) $84.50 (C) $1.25 (D) $15