For a year you owe 1600 on a credit card you pay 19% interest a year how much are you paying

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asked Mar 12, 2022 161k views

1 vote

For a year you owe 1600 on a credit card you pay 19% interest a year how much are you paying

Mathematics
college

Brodoll asked

by Brodoll

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2 Answers

6 votes

Answer:

1296

Explanation:

Rubotero answered Mar 12, 2022

by Rubotero

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2 votes

Explanation:

Simple interest = Principle * time * rate of interest

= 1600 * 1 * 19%

= 1600 * (19/100)

= 304

Total amount of debt

= 1600 + 304

= 1904

Namju answered Mar 16, 2022

by Namju

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