7.9k views
4 votes
Alana saved 1,200.00 to buy a pool table, but decided instead to charge it to her credit card.If the credit card had an interest rate of 13.5% for 6 months with no other fees, and she made no other purchases, what was her cost of credit of using the credit card instead of paying cash?

User Jdamian
by
7.7k points

1 Answer

5 votes
The answer is $1362
User Dkretz
by
8.4k points