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Caitlyn has a credit card with a spending limit of $1500 and an apr (annual percentage rate) of 18%. during the first month, caitlyn charged $375 and paid $250 of that in her billing cycle. which expression will find the amount of interest caitlyn will be charged after the first month? (0.18) (250 dollars) (0.015) (375 dollars) (0.18) (375 dollars) (0.015) (125 dollars)

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ashishdwivedilVT

The amount of interest Caitlyn will be charged after the first month is $1.875.

Annual percentage rate(APR) of the credit card = 18%

What will be the Monthly Percentage Rate of the credit card?

The monthly percentage rate will be 1/12th of APR.

The Amount charged in the first month =$375

Amount paid in billing cycle = $250

So, the amount on which interest will be levied = $375 - $250 = $125

The interest levied on $125 = 125* (18/12)* (1/100)

The interest levied on $125 = $1.875

Therefore, the amount of interest Caitlyn will be charged after the first month is $1.875.

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