Huey Looz had an unpaid balance of $200 on his credit account last mon
Huey Looz had an unpaid balance of $200 on his credit account last month. This month he charged $100 and made a payment of $20. Using the previous balance method and an APR of 18%, Huey owes $2.70 interest this month.
Indicate whether the statement is true or false
ANSWER
FALSE
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