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?
$3,240.00
$3,349.36
$3,902.58
$4,289.36

Answer 1

2 X $1150 + $1049.34 = $3,349.34

Total cost= $3,349.34