Mathematics, 09.04.2021 18:20 steph2478

High interest rates make it difficult for people to pay off credit card debt in reasonable period of time. The interest I (in dollars) paid on a $10, 000 debt over 3 years when
the interest rate r% can be approximated by the equation
I
175.393
+ 0.663 = r
If the credit card interest rate is 19.8%, find the amount of interest paid during three years?

Answers: 2

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High interest rates make it difficult for people to pay off credit card debt in reasonable period o...