Jefferson G.

asked • 04/29/21

I would like some assistance with this algebra question.

Your old TV is getting clunky and you’re thinking of getting a new one. You figure your current TV has about 2 years left in it. You just saw a sale for a TV you want. It is normally $600 but now it’s only $400. You don’t have that much cash available, so you put it on your credit card. Your credit card interest is 25%/year compounded annually. After 2 years, how much will you owe on your credit card? How much money did you end up saving on the TV?

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.