a girls owes $250 on a credit card the APRis 20% what does she owe in fouR YEARS IF SHE PAYS NOTHING BACK
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250*20/100 = 50
For the first year = 250+50 = 300,
For second year, 300*20/100 = 60, 300+60 = 360
Third year, 360*20/100 = 72, 360+72 = 432
Fourth year, 432*20/100 = 86.4, 432+86.4 = 518.4
Total of four years = 1610Rs
For the first year = 250+50 = 300,
For second year, 300*20/100 = 60, 300+60 = 360
Third year, 360*20/100 = 72, 360+72 = 432
Fourth year, 432*20/100 = 86.4, 432+86.4 = 518.4
Total of four years = 1610Rs
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