Just How Credit Card Interest Works: The Mathematics

Just How Credit Card Interest Works: The Mathematics

Have you ever wondered exactly how bank card interest works? Just how do they figure out how much you owe?

Your charge card probably lists an annual rate of interest, an “APR”. This movie will explain how to use your APR to determine how much interest you will owe in your bank card costs. The banking institutions often make use of a way known as “typical regular Balance”.

Don’t neglect to view How charge card Grace times strive to avoid interest all together: https://youtu.be/TYK5GA4uYwU

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