You have a $$1,700$ balance on your $15\%$ credit card. You have lost your job and been unemployed for $6$ months. You have been unable to make any payments on your balance. However, you received a tax refund and want to pay off the credit card.

Required:

a$.$ How much will you owe on the credit card if you have not made a payment for $6$ months?

b$.$ How much interest will have accrued?

c$.$ What will be the effective rate of interest after the $6$ months?

Complete this question by entering your answers in the tabs below.

Required A

Required B

Required $5$

What will be the effective rate of interest after the $6$ months?

Note: Round your answer to the nearest hundredth percent.

Effective rate of interest

$\%$