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?
$170.51
$27.90
$259.65
$33.63
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OpenStudy (anonymous):
please anyone help
OpenStudy (anonymous):
I'm not sure, but I think you may need to multiply $831.75 by 20.5%. Then just move the decimal point over two spaces.
OpenStudy (anonymous):
Okay thanks :)
OpenStudy (anonymous):
im not sure!! @LuluScavino
OpenStudy (anonymous):
@LuluScavino by annual rate of 20.5%, what is exactly meant?
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OpenStudy (anonymous):
I=PRT right? Can't you use that or..?
OpenStudy (anonymous):
Thanks guys idk how to give medals but i would so give you guys medals:)
OpenStudy (anonymous):
Just click best repsonse @LuluScavino
OpenStudy (anonymous):
Thank you all so much I think i have the info i need to figure it out (:
OpenStudy (anonymous):
Your welcome! @LuluScavino
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