Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

alainanicole13

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

  • This Question is Closed
  1. nickersia
    Best Response
    You've already chosen the best response.
    Medals 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
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.