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Joan buys a snow blower on her credit card for $1499. She pays her credit card in full a day after ...

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Joan buys a snow blower on her credit card for $1499. She pays her credit card in full a day after ...

Joan buys a snow blower on her credit card for $1499. She pays her credit card in full a day after the grace period of 21 days using her secured line of credit, which charges her prime (3.25%) plus 1%. She repays her loan in 15 days. If her credit card company charges her a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the snow blower?
A) $25.30
B) $1524.30
C) $2.66
D) $27.96

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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josan

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6 years ago

More solutions for this book are available here

3 Votes

sanyam kumar, UNI-Tech DuDe, bio_man

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Nick p.

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4 years ago

thanks alot

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sanyam k.

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4 years ago

show me the solution dude

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Eric H.

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4 years ago

thanks

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Shrey S.

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3 years ago

great!! thnnx

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rupinder k.

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3 years ago

Thank you

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UNI-Tech D.

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3 years ago

Thank you

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