Manuel has a remaining balance of $563 on his credit card. his credit card company has an apr of 15 percent. how much will manuel pay in interest for one month?

$7.04
$84.50
$15
$1.25

The correct option is A. $7.04  

Step-by-step explanation:

Remaining balance of Manuel on his credit card = $563

APR that is charged by company = 15%

Now, Interest paid by Manuel in 1 year = 15% of Remaining Balance

⇒ Interest paid in 1 year = 0.15 × 563

⇒ Interest paid in 1 year = $84.50

Now, 1 year = 12 months

So, Interest paid in 12 months = $84.50

The correct option is A. $7.04  

good luck!

cutie~

hi,

6x times 4 is 24x and 5 times 4 is 20, so the answer is 24x+20.

hope this and for a little humor i am groot.