Question

Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,000, how much more will Jackson end up paying?

Answer 1

Jackson's credit card charges 15% interest.
His dad's credit card charges 5% interest.
NOw, they both soend 1000 dollars. Let's find out the difference between their interests.
Jackson => 1000 * .15 = 150 dollars
Dad of Jackson => 1000 * .05 = 50 dollars.
THus, their difference is about 100 dollars