If Monty buys a new television for $800 this month and sends in a credit card payment of $1,200 when he gets his statement,how much interest will he pay on the television for the month?
A)18%
B)1.5%
C)None,since he paid for the television in full during the grace period.
D)None of the above answers is correct.

Question

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The Answer of If Monty buys a new television for $800 this month and sends in a credit card payment of $1,200 when he gets his statement,how much interest will he pay on the television for the month?
A)18%
B)1.5%
C)None,since he paid for the television in full during the grace period.
D)None of the above answers is correct.

If Monty Buys a New Television for $800 This Month