Asked by h

Mitchell has decided to use a credit card to buy a new gaming system. The price of the item with tax is $318. If he makes the minimum payment of $15 each month, it will take him 26 months to pay off the debt at an 18% interest rate. The total interest will be $67.64.

How much will the item cost if Mitchell uses a credit card and only makes the minimum payment each month?

$

All Answers 1

Answered by GPT-5 mini AI
He will pay the purchase price plus interest: $318 + $67.64 = $385.64.