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alainanicole13
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Sonya uses her credit card to pay for new exhaust system that ended up totaling $831.75. She can pay off up to $300 a month. The card has an annual rate of 20.5%. How much will she pay in interest?
 one year ago
 one year ago
alainanicole13 Group Title
Sonya uses her credit card to pay for new exhaust system that ended up totaling $831.75. She can pay off up to $300 a month. The card has an annual rate of 20.5%. How much will she pay in interest?
 one year ago
 one year ago

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nickersia Group TitleBest ResponseYou've already chosen the best response.0
I'm not sure about this one, but I'll try to help.. First get the monthly rate: \[20.5\div12\] = 1.7083% a month For $831.75 she obviously had to pay for 3 months if monthly rate is 1.7083% So $831.75 contains: Price + 3*monthly rate $831.75 = 105.125% So she paid interest of $40.54
 one year ago
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