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Balance of 1500 on cc? Interest per mo?

  • Thread starter Thread starter Deleted member 4644
  • Start date Start date
D

Deleted member 4644

If you have a balance of 1500 and dont pay it off, how much interest will you get a month?
 
$1500 x 18% = $270 per annum

$270 / 365 = .739 per diem

On May 1st interest due is $22.19. The CC Co will probably require 3% of the balance as payment or $45.

$45.00 - 22.19 = $22.81 to principal, ending balance will be $1477.19.

🙂
 
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