Question

Morgan took out a $500 cash advance on her credit card. If the interest rate is 9%, and it takes her 1 year to pay back the loan, what is the total amount of money Morgan will have to pay back to her credit card?

Answer 1

Answer: $777.60

Explanation:

8/100 = 0.08

0.08 * 720 = 57.6

57.6 + 720 = 777.6

Answer 2

545

Explanation:

9/100=0.09

0.09*500=45

45+500=545

Real answer: 545 Hope this helped C: