Question

Kate bought a $3,600 car using a credit card. If Kate has to

pay an additional $15 each month for interest, and it
takes 6 months to pay off, how much will Kate spend total
for the $3,600?

Answer 1

$3690

Explanation:

The total interest Kate pays can be found by multiplying the interest amount paid each month by the number of months.

interest paid = (6 mo) × ($15/mo) = $90

__

The total Kate pays is ...

total paid = cost of car + interest paid

total paid = $3600 +90 = $3690