Question

Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,000, how much more will Jackson end up paying?

$500
$250
$100
$125

Answer 1

(amount of money) times (Jackson's interest rate) = Jackson's interest amount

(amount of money) times (Dad's interest rate) = Dad's interest amount

Jackson's interest amount - Dad's interest amount = the answer

Answer 2

waiit

Answer 3

im still confused

Answer 4

150 ?

Answer 5

ok, so Jackson is paying $150 in interest

how much is jackson's dad paying in interest?
(and then you are going to subtract)

Answer 6

500 ? and then i subtract ?

Answer 7

1000 * 0.05 = ?

Answer 8

ohhh i put 0.5

Answer 9

lemme fix it

Answer 10

its 50 ?

Answer 11

so the answer is 100 ?

Answer 12

you got it :)

Answer 13

thank you sm <3