You Have a Credit Card on Which Your Beginning Balance

question 46

Essay

You have a credit card on which your beginning balance for the month was $400.On the 10th of the month you took out a cash advance of $500.During the month you made purchases of $250.Assuming that the interest rate on purchases is 15 percent (1.25 percent per month),cash advances is 18 percent (1.5 percent per month),and there is a 1 percent fee on all cash advances,what would you have to pay to pay off your account if your due date is the 30th of the month.
(a)$1,165
(b)$1,222.50
(c)$1,305
(d)$1,342.50

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Definitions:

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The unequal treatment or disparities experienced by individuals based on their race, often manifesting in areas like employment, education, healthcare, and justice.

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A flawed and racist ideology that suggests one particular race is superior to others and destined to rule over them.

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A landmark United States Supreme Court case that upheld the government's internment of Japanese Americans during World War II on the basis of national security.

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An Associate Justice of the United States Supreme Court from 1941 until his death in 1954, also known for serving as the chief United States prosecutor at the Nuremberg Trials.