Jerome's credit card has an apr of 18%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. his credit card record for the last 7 months is shown in the table
below.
end of
month
wown
previous
balance
so 00
s2200 00
$2189.00
$2178.06
$2167 16
$2156 33
$2145 55
new
charges
$2200 00
$0 00
so 00
$0 00
$0 00
$0 00
50 00
payment
received
50 00
$44 00
$43.78
543 56
$43 34
$43 13
$42 91
finance
charges
$0 00
533 00
$32 84
532 67
532 51
$32 34
532 18
principal
paid
$0 00
$11.00
$10.95
$10 89
$10 84
$10 78
$10.73
new
balance
$2200 00
$2189 00
52178 06
$2167 16
$2156 33
$2145 55
$2134 82
what is the total amount that jerome has paid in interest over the 7 months?