Mathematics, 05.11.2020 14:00 lunagio67

Michi has a balance of $1500 on a credit card with an APR of 18.7%, compounded monthly. About how much will she save in interest over the course of a year if she
transfers her balance to a credit card with an APR of 9.3%, compounded monthly?
(Assume that Michi will make no payments or new purchases during the year, and ignore
any possible late-payment fees.)
A. $145.60
B. $160.23
C. $305.83
D. $451.43

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Michi has a balance of $1500 on a credit card with an APR of 18.7%, compounded monthly. About how m...

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