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The grace period is a period of time before the credit card company starts charging interest. A. True B. False
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Asked 1/26/2011 7:48:49 AM
Updated 5/8/2022 4:56:26 PM
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User: The grace period is a period of time before the credit card company starts charging interest. A. True B. False

Weegy: True
Expert answered|sharpies|Points 101|

User: Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month? A. $4.73 B. $56.70 C. $15 D. $1.25

Question
Asked 1/26/2011 7:48:49 AM
Updated 5/8/2022 4:56:26 PM
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Andy has a remaining balance of $315 on his credit card. His credit card company has an APR of 18 percent. Andy will pay $ 4.725 in interest for one month. 315*.18/12=$4.725
Added 5/8/2022 4:56:26 PM
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