Dave charges up to the credit limit of $6,000 each month. the minimum payment is $150. what is the interest charge for the unpaid balance at 18% per year? a.) $150.00 b.) $60.00 c.) $67.75 d.) $87.75

The answer is option D : $87.75

Step-by-step explanation:

Dave charges up to the credit limit of $6,000 each month. The minimum payment is $150.

After paying the minimum payment, balance remains =

dollars

APR is 18%.

Monthly rate is = or 0.015

So, 0.015% of 5850 is = dollars

Therefore, the answer is option D : $87.75

d

step-by-step explanation:

d

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