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