This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual percentage rate on the card is 18%. Raj’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $500 $100 0. 015 $6. 00 2 $406 $50 0. 015 3 $361. 34 $50 0. 015 4 $316. 01 $50 0. 015 5 $270 $50 0. 015 6 $223. 30 $50 0. 015 What is the amount of total interest charged for the first 6 months? $.
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This table can be used to organize Raj’s credit card balances and payments over 6 months. The annu...
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