Question

John wants to buy a new laptop computer the computer store sells laptops for $480 or 9 credit payments of $58 how much interest would John pay if he paid for the computer with credit ?

Answer 1

First you would need to find out how many 9 payments of 58$ would be and that is 522. Then you would need to subtract the 522 and the 480 and your answer would be 42$ so the interest would be 42$