You get a credit card that you spend $500 on. The card has an interest of 17% compounded monthly. How much do you owe at the end of two years?

asked Oct 18, 2022 53.3k views

20 votes

You get a credit card that you spend $500 on. The card has an interest of 17%

compounded monthly. How much do you owe at the end of two years?

by Pitel

4.2k points

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11 votes

$700.80 should be the answer i think

Anil Nivargi answered Oct 24, 2022

4.6k points

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