Nancy uses a credit card with a 20.1 % APR. She can pay $350 per month on the card. What will the total cost of this purchase be?

Question

Florisalreadytaken · Answer

@Taytaymims1125 ehm, I feel like this is not right, as there is nothing mentioned about what Nancy (very 'fancy' name lol) is purchasing...

PWRDrEaMz · Answer

Yea, u may want to fix this :)

kittybasil · Answer

Assuming this is your question:

Google wrote:

Nancy uses a credit card with a 20.1% APR, compounded monthly, to pay for a hotel stay totaling $891.05. She can pay 350 per month on the card. What will the total cost of this purchase be?

we need to take note of the key terms/values. • 20.1% APR • $350/month limit on said card • x total cost (in dollars) The picture below shows a detailed way to resolve this question. Let me know if you run into any issues!

1 attachment