You have a credit card with a balance of $1256.34 and a 9.5% apr. a late payment fee of $29.00 is added to the principal if you pay after 5/28. you make a payment for $200.00 on 5/28. how much interest did you pay?

The interest paid will be $9.946 ≈ $9.95.

Step-by-step explanation:

p = 1256.34

r = (monthly)

Now, given is :

A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28.

As the payment is made on the last date, so no extra charge will be paid. So, it is simple interest of

Hence, the interest paid will be $9.946 ≈ $9.95.

explanation:

step-by-step explanation: