APR=18%
Monthly interest = 18/12=1.5%
If Caitlyn paid before due date,
amount liable for interest charges = 375-250 = $125
Interest charge for the month
=$125*1.5%
=$1.88
If a single expression is required, then
interest = (375-250)*0.018/12 = $1.88 to the nearest cent.
4¹ = 4
4² = 16
4³ = 64
4⁴ = 256
(4⁵ = 1,024 too big)
26% of 50
26/100 * 50
13
50 - 13 = 37
If you're based in the UK, you could say up to £800 as we have £100 coins here.
Lowest amount? Besides our penny our least valuable coin is the 2 penny coin. So barring pennies the least you could pull out of your pocket if you're based in the UK is 16p.
