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Please help. The answers on the boxes are the right ones, but I cannot for the life of me figure it out on how to
Please help. The answers on the boxes are the right ones, but I cannot for the life of me figure it out on how to get those answers.
Thank You.
Chrissy currently has a credit card that charges 11 percent interest annually. She usually carries a balance of about $450. Chrissy has received an offer for a new credit card with a teaser rate of 3 percent for the first three months; after that, the rate increases to 15 percent. Assume that interest is compounded daily and there are 365 days in a year. What will her total annual interest be with her current card? What will her interest be the first year after she switches? Should she switch based on the first year interest? What will her total annual interest be with her current card? Chrissy's total annual interest with her current card is $ (Round to the nearest cent.) What will her interest be the first year if she switches? Chrissy's total annual interest with the new card would be $ (Round to the nearest cent.) Should she switch based on the first year interest? switch cards for the year because the interest on the new card would be the interest on her current card. Chrissy currently has a credit card that charges 11 percent interest annually. She usually carries a balance of about $450. Chrissy has received an offer for a new credit card with a teaser rate of 3 percent for the first three months; after that, the rate increases to 15 percent. Assume that interest is compounded daily and there are 365 days in a year. What will her total annual interest be with her current card? What will her interest be the first year after she switches? Should she switch based on the first year interest? What will her total annual interest be with her current card? Chrissy's total annual interest with her current card is $ (Round to the nearest cent.) What will her interest be the first year if she switches? Chrissy's total annual interest with the new card would be $ (Round to the nearest cent.) Should she switch based on the first year interest? switch cards for the year because the interest on the new card would be the interest on her current card
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