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ally7343

  • 3 years ago

Naomi uses a credit card with a 25.9% APR, compounded monthly, to pay for a hotel stay totaling $971.20. She can pay $400 per month on the card. What will the total cost of this purchase be?

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  1. johnnyalln
    • 3 years ago
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    I used the formula x=price of hotel(1+(interest/compounding))^(total years*compounding)

  2. johnnyalln
    • 3 years ago
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    i got $1,035.45

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