Rebecca has recently begun keeping her spending under control, but she still cannot fully pay off her credit card. She maintains an average monthly balance of about $1100, and her card charges a 25.2% annual interest rate, which it bills at a rate of 2.1% per month. How much is she spending on credit card interest per year? Round your answer to two decimal places.

Answer rating: 100% (QA)

Answer Heres the breakdown Monthly interest rate 21 as given Since the annual interest rate 2... View the full answer