Holly (lunarcapricorn) wrote in thequestionclub,
Holly
lunarcapricorn
thequestionclub

Maths and finances

Can somebody please help me to work something out? I'm not very good at maths.

I owe $1300 on my credit card. The interest rate is 10.99% pa and interest is charged monthly. I'll make weekly payments of $50. How much money will I end up paying, in total?

What if the interst rate was only 2.99% for the first 6 months, and then 8.99% after that?
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