IXL | Evaluate payment methods

Farid used his credit card to buy new snow tires for his truck. The snow tires cost $590. If he pays off the balance over the next three months, he will pay $12.74 in total interest.

If Farid pays off his credit card in three months, how much will he pay in all for the snow tires?

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Learn with an example

question

Candice used her credit card to buy a designer purse that costs $249. If she pays off the balance over the next four months, she will pay $10.45 in total interest.

If Candice pays off her credit card in four months, how much will she pay in all for the purse?

key idea

A credit card is a payment card that lets you buy items now and pay for them later. The bank that issues your credit card might charge interest on amounts you have not paid back yet. You might need to pay a fee to use a credit card.

solution

The purse costs $249. If Candice pays off her credit card in four months, she will also pay $10.45 in interest. Add to find the total cost.

249

10.45

259.45

The total cost of buying the purse with a credit card is

$259.45.

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VV.7Identify advantages and disadvantages of payment methods

ZZ.10Add money amounts - word problems

HH.5Multiply money amounts: word problems

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