Tricia, a recent university graduate, is setting up her new small business using her credit card. Office refurbishment is expected to cost her £3000 now, £1000 next month and £2000 in 2 monthly periods. She is planning to pay her credit card back £500 every month starting next month. The credit card issuer is charging a 1.5% monthly rate. How much would Tricia owe the credit card issuer in a 6 month period?

Answer rating: 100% (QA)

Tricia owe the credit card issuer in a 6 month period 336557 Explanation Step 1 Estimation of Tricia owe the credit card issuer in a 1 month period Tr... View the full answer