If Vince charged $200 on his credit card with 18% APR and he paid his balance in full within the grace period, how much was he required to pay?

Name: If Vince charged $200 on his credit card with 18% APR and he paid his balance in full within the grace period, how much was he required to pay?
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

If Vince paid his balance in full within the grace period, he would not incur any interest charges. Therefore, he would only be required to pay the original amount charged, which is $200.

If Vince Charged $200 on His Credit Card with 18