Manuel has a remaining balance of $563 on his credit card. his credit card company has an apr of 15 percent. how much will manuel pay in interest for one month?

$7.04
$84.50
$15
$1.25

The correct option is A. $7.04  

Step-by-step explanation:

Remaining balance of Manuel on his credit card = $563

APR that is charged by company = 15%

Now, Interest paid by Manuel in 1 year = 15% of Remaining Balance

⇒ Interest paid in 1 year = 0.15 × 563

⇒ Interest paid in 1 year = $84.50

Now, 1 year = 12 months

So, Interest paid in 12 months = $84.50

The correct option is A. $7.04  

exa:

)

3+11

14

step-by-step explanation:

from this example, we can see that subtracting with integers is the same as adding the opposite. we can solve using a number line or by using the saying "keep, change, change" to us solve. it is important to remember that we can subtract a negative and end up with a larger number than we started with.