Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
easy 10 points math helppp?
4000 dollars on credit card
payed monthly of 200
remaining balance simple interest is 15 percent
what is the balance next month
12,000 dollars on credit card
made payement of 2000.
remaining is 7 and 1/5 simple interestratewutt next months balance?
2 Answers
- GrampedoLv 71 decade agoFavorite Answer
The interest in both cases is the ANNUAL interest. The applicable monthly
interest will be 1/12.
$4000-200=3800
3800 X .15/12=47.64
Remaining balance is 3800+47.64
=$3847.64
$12000-2000=$10000
10000.X .072/12=$60 in interest
Next month's balance=10000+60
=$10060
