The APR on a credit card account is 16%.Assuming a $1,926 balance and a $40 minimum payment,how much of the minimum payment will go to interest?

Name: The APR on a credit card account is 16%.Assuming a $1,926 balance and a $40 minimum payment,how much of the minimum payment will go to interest?
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The Answer of The APR on a credit card account is 16%.Assuming a $1,926 balance and a $40 minimum payment,how much of the minimum payment will go to interest?

The APR on a Credit Card Account Is 16