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poetstyle
04.03.2020 •
Mathematics
You have $3,500 on a credit card that charges a 13% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
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Ответ:
$110⅔ per month
Step-by-step explanation:
Interest per year = 13/100 × (3500)
= 455
In 4 years = 455×4 = 1820
Total amount to be paid
= 1820 + 3500 = 5320
4 years is 48 months
Per month: 5320/48 = $110⅚
Ответ:
1.8 speed
Step-by-step explanation: