The total bill plus interest on the credit card is $3,250
What is credit card?
Credit card gives its holder the opportunity to make purchases on credit such that amount spent and the interest that accrues thereon would be paid by the credit card holder at a future time.
In this case, the function shows the relationship between the amount owed and the interest so as to give the outstanding balance.
f(p) = p(1.30)
p=amount owed=$2,500
f(p)=$2,500*(1.30)
f(p)=$3,250
Find further explanation on credit card in the link below:
