Question

Denise used her credit card to buy a pair of new shoes for $120. At the end of the month, she could

only make a payment of $20 on the credit card. If the monthly interest rate on the credit card is 3%,
how much will she owe on her next bill?
$123
$100
$103
$113​

Answer 1

c. 295

Explanation:

Denise has a baseball card collection that she inherited from her father. She decides to use her allowance to buy more baseball cards, and she buys the same number of cards each week. Using the table below, determine how many cards were in her collection when she inherited it from her father.

x

y

Week

Number of Cards

1

327

2

359

3

391

4

423

------------------

A.

327

B.

32

C.

295

D.

100

Answer 2

Explanation:

$120= the amount to pay for the shoe

$20 paid for the month

Balance to pay = $100

Then 3% interest rate on credit card = 3% of $100=$3

Therefore amount to pay = $3+$100=$103