17
QuizMultiple Choice

Unit Test — Unit test

Question 17 • CARE_24_25_TX-Mathematical Models with Applications A

Nicole used her credit card to buy a $1,255 mattress. Her credit card has an APR of 11.56%, compounded monthly, and the mattress was the only purchase on the card. Nicole paid off the mattress after two and a half years. If the sales tax in Nicole’s area is 9.08%, how much interest did Nicole pay in total? (Round all dollar values to the nearest cent.)

Answer
A
$213.85
B
$456.20
C
$196.10
D
$327.86
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