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A consumer charges a $2,530. 16 purchase on a credit card. The card has a daily interest rate of 0. 42%. If the balance is paid off at the end of 30 days, how much interest will the consumer pay? a. $0. 32 b. $3. 19 c. $31. 88 d. $318. 78.

Respuesta :

The interest the customer would pay is $318.78.

Interest can be described as the cost of borrowing. It is the amount of money a borrower has to pay to the lender.

Interest = amount borrowed x interest rate

Daily interest = $2,530.16 x 0.42%

$2,530.16 x 0.0042 = 10.63

Monthly interest = 10.63 x 30 = $318.80

To learn more about interest, please check: https://brainly.com/question/25811386

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