Athena uses her credit card to buy some clothes for $738.14. She can pay off up to $265 per month. The card has an annual rate of 17.9% compounded monthly. How much total interest will she pay?

Question

anonymous · Answer

$10.27

 $21.61

 $26.04

 $11.01

anonymous · Answer

@satellite73 @jim_thompson5910 @thomaster

anonymous · Answer

@Compassionate @AccessDenied @whpalmer4

ganeshie8 · Answer

Balance after 1 month :  $738.14\left(1+ \frac{0.179}{12} \right) - \color{red}{265}  =     ?$

anonymous · Answer

i got 484.15

ganeshie8 · Answer

yes thats the balancce after 1 month

ganeshie8 · Answer

calculate the balance after 2 months

ganeshie8 · Answer

Balance after 1 month :  $738.14\left(1+ \frac{0.179}{12} \right) - \color{red}{265}  =     484.15$


Balance after 2 months :  $484.15\left(1+ \frac{0.179}{12} \right) - \color{red}{265}  =     ?$

anonymous · Answer

i got 21.60 as the final answer, is that right?

ganeshie8 · Answer

21.6 is $\large \color{red}{\checkmark}$