Mathematics

Bethany Gentry

28 May, 16:07

You just turned 18, and you can get your own credit card. But, because you are a young person with no credit history your interest rate will be relatively high at 26%. If your parents put you on their credit card account, your interest rate will be much lower at 16%. If you buy a new HDTV for $695. what would the difference be between the two cards over 8 months?

a) $16.25

b) $26.50

c) $27.80

d) $46.33