Question

Kristin uses her credit card to purchase a new television for $863.35. She can pay off up to $425 per month. The card has an annual rate of 29.9% compounded monthly. How much will she pay in interest?

a) $41.28

b) $11.52

c) $34.12

d) $47.47

Answer 1

Look here: http://openstudy.com/study#/updates/508af01be4b077c2ef2e642a
This would solve your question. :) Mark this as "best answer" if this helped a little, maybe. :-)

Answer 2

thanks! =)

Answer 3

no prob. :)

Answer 4

C is correct