me s credit card has an APR of 18 calculated on the previous

Last updated: 2/3/2024

me s credit card has an APR of 18 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 End of month 1 234567 Previous balance 0 00 2200 00 2189 00 2178 06 2167 16 2156 33 2145 55 New charges 2200 00 A 65 18 OB 260 72 C 32 18 D 195 54 0 00 0 00 0 00 0 00 0 00 0 00 Payment received 0 00 44 00 43 78 43 56 43 34 43 13 42 91 Finance charges 0 00 33 00 32 84 32 67 32 51 32 34 32 18 Principal paid 0 00 11 00 10 95 10 89 10 84 10 78 10 73 New balance 2200 00 2189 00 2178 06 2167 16 2156 33 2145 55 2134 82 What is the total amount that Jerome has paid in interest over the 7 months