158k views
4 votes
Jill paid for a $1,200 vacation by using a credit

card with an 18% interest rate. In order to pay
the card off in 12 months, Jill will need to make
payments of $110.02 each month. Calculate the
total cost of repayment as well as the amount of
interest Jill will pay.

1 Answer

1 vote

Answer:$1,416

Step-by-step explanation: you add 18% of 1,200 to 1,200

User Conrad Parker
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories