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21-12-2022
Mathematics

Answered

Ja’Mila makes a $350 purchase with her new credit card. The card has a 21% annual interest rate and $35.00 minimum payment due on the 10th of every month.

Given that her starting balance is $350, if she pays the minimum payment by October 5th, what amount, to the nearest cent, is applied to interest?
What amount, to the nearest cent, is applied to the principal?

Answer :

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