Mario opens a store credit card when he purchases new carpeting. The interest rate is 20.45%. He charges $3,240 to the card, and can pay $1,150 per month. What will the total cost of his purchase be?
help me with please

Question

Mario opens a store credit card when he purchases new carpeting. The interest rate is 20.45%. He charges $3,240 to the card, and can pay $1,150 per month. What will the total cost of his purchase be?
help me with please

anonymous · Answer

medal ???? help please

igreen · Answer

3,240 * 20.45% = 662.58

3,240 + 662.58 = 3902.58

So her total cost will be $3,902.58

Is that one of your options?

anonymous · Answer

yes

igreen · Answer

Okay.

rockinhood · Answer

The correct answer is

$3,349.36

rockinhood · Answer

With interest you have to follow the formula, as without it the interest doesn't build up like it's supposed to.