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!
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
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