Bank Card is charging 1.4% monthly interest on credit card charges. If you charged a $175 pair of running shoes on the card and did not pay it off this month, what would be the interest for the shoe charge?
You could do 175(.014) This would be multiplying the total cost by the interest rate. 175(.014)= 2.45 Then you would add the total cost on to this. 175+ 2.45= 177.45 I hope this helps.
