Karen uses her credit card to purchase a new television for $695.20. she can pay off up to $325 per month. the card has an annual rate of 17.9% compounded monthly. how much will she pay in interest? $6.28 $16.96 $20.44 $62.16

 $ 16.96      

Step-by-step explanation:

Here, the present value of the loan, PV = $695.20

Annual Interest rate = 17.9%

⇒ Monthly interest rate = 17.9/12 = 1.41666666667

Thus, the monthly interest rate (decimal ) , r = 0.014167 ( approx)

Monthly payment, P = $ 325

Let the time period of the loan = n.

Since,

⇒

⇒  

⇒

⇒  n = 2.19

Thus, her total payment = 2.19 × 325 =  711.75

⇒ Her total interest = 711.75 - 695.20 = $16.55

Since only 16.96 is near to 16.55

Thus, second option is correct.

30 people weigh 160 pounds or more

the answer is 1/4

step-by-step explanation: