If the typical balance on lucy's credit card is $750 and the interest rate (apr) on her credit card is 16%, how much in interest would you expect lucy to be charged in a typical month?

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. which statement accurately supports her argument? people would pay less in interest fees. people would have greater protection in case of emergencies. people would need to save for many years to buy a home or open a business. people would support the economy through purchases of more goods and services.