Emma makes a purchase of $⁢250 on a credit card with an 18% annual interest rate. If she pays off the purchase in 3.5 months and the card has a 15 -day grace period, what is the total interest paid on her purchase? Formula: total cost=purchase amount+(purchase amount⋅interest rate)

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Revolt · Accepted Answer

11 point 2 5 dollars

Credit Cards - Quiz Quiz

Emma makes a purchase of $⁢250 on a credit card with an 18% annual interest rate. If she pays off the purchase in 3.5 months and the card has a 15 -day grace period, what is the total interest paid on her purchase? Formula: total cost=purchase amount+(purchase amount⋅interest rate)

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