Respuesta :

it might be $7.04??????

Answer:

$7.04

Explanation:

As the annual percentage rate (APR) is 15%, you will have to divide this number by 12 to get the monthly rate:

15%/12= 1,25%

Now, you have to multiply the balance on the credit card for the monthly rate to get the amount that Manuel will have to pay in interest for one month:

$563*1,25%= $7.04

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