In order to help me move, I got a credit card with a $1,000 credit limit and spent all $1,000 the first month. The credit card c

Question

n200080 [17]

3 years ago

8

In order to help me move, I got a credit card with a $1,000 credit limit and spent all $1,000 the first month. The credit card c

harges compound interest at a rate of 15% a month, BUT, you don’t have to make any payments for one year. How much debt will I have after 1 year of having this card?

Mathematics

1 answer:

Sever21 [200] · Answer 1 · 2022-05-24T08:39:07+03:00

Sever21 [200]3 years ago

6 0

Answer

The tax/ your paying a year is 150, so you would owe 1,500 btw, answer my recent question maybe..?

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