Asked by Anuraj

David bought a new refrigerator for $799 and charged it on his credit card. If the card charges 23% simple interest, how much interest would be added after 18 months? Round your answer to the nearest cent.

I am new to this can you help explain how to do this too. Thanks!

Answers

Answered by bobpursley
interest=799*0.23*1.5=...
simple interest does not compound, it just adds. So the question is asking what is 23Percent for 1.5 years.
Answered by Tyler
275.655
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions