money/calculations/interest wizz needed please

postingalwaysposting

long story short... my brother used my credit card and i have given him a month before i start adding interest... but i payed this card off so i have all the figures but no way of knowing interest/minamum payments (as he wants to do it this way ~ he will never learn) so can you wonder wizz's please do all the calculations for me

the amount he owes is £40
purchase interest ~ 27.9%
minamum payments 2.5% or £5 whichevers higher...

now he wants to pay £20 this friday... interest is on the 1st so what do i charge... i am glad i dont do this for a living :rotfl:

ZTD

27.9% pa is 2.07% pcm (:eek:!!)

So interest this month is 83p.

Minimum payment will be £5.

postingalwaysposting

ZTD wrote: »

27.9% pa is 2.07% pcm (:eek:!!)

yes ztd... thats why i havent got the card no more :rotfl: i did have my whole balance on there (nearly £500.00) till tes taught me how to balance transfer :rotfl: