Question

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 charges 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?

Answer 1

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

Explanation: