Mathematics, 06.04.2021 01:00 gggggg47

You just obtained a credit card. You immediately purchase a stereo system for $200. your credit limit is $1000. Let's assume that you make no payments and purchase nothing more and there are no other fees. The monthly interest rate is 1.42%. What is the growth rate of your credit card balance?
A. 0.42
B. 0.0142
C. 14.2
D. 142

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