Calculating Cost with a Credit Card
Fill in the missing data.
a =
Gary purchased a $750 TV on a credit card with a 22%
annual percentage rate, and he wants to pay it off in
payments of $200 per month. The table shows the
information for the first four months after Gary used his
credit card.
b =
c =
What is the total amount Gary will pay?
Interest
Balance Payment | Monthly
Interest Rate Charged
$ 750.00 $ 200.00 0.018333 $ 10.08
$ 560.08 $ 200.00 0.018333 $ 6.60
$ 366.68 $ 200.00 0.018333 a
$ 169.74 € 0.018333c