Asked by shelly

you owe $300 on your credit card. Each month you fail to make a payment, your balance increases by 2%. How much will you owe after 2 years of missing payments?
Answered by Kat
I am pretty sure that you find out how much 2% of 300 is and then multiply that by 24.
Answered by shelly
the answer given to us is $482.53. Not sure how she got it. still having problems with obtain the answer.
Answered by Kat
Huh. I am not sure. I am only in 8th grade so I don't know too much, but this is a fun problem. : )
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