Not exactly
2/10 = .2
1/4 = .25
1/4 is 0.05 bigger than 2/10
Answer:
$1,174.44
Step-by-step explanation:
- Three year period will have 36 payments, then the total payment is $7,174.44
- In which $6,000 is the balance of credit card at beginning
- The total interest paid over the 03 years is $1,174.44 = $7,174.44 - $6,000
You have to divide both sides by 2/3, and by doing that you'll get w= -5/4
