Question

Melissa has an outstanding credit card balance of $2200. Interest is charged at a rate of %15 p.A. The amount that Melissa must pay off the card is how much?

Answer 1

$25,300

Explanation:

Amount to be paid = interest + amount outstanding

Interest = 0.15 x $2200 = $330

Amount to be paid = $2200 + $330 = $25,300