Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,000, how much more will Jackson end up paying?

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asked Sep 28, 2017 173k views

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DavidDunham · Answer 1 · 2017-10-05T04:48:15+0000

The father will end up paying 1050 dollars since 10% of 1000 is 100.

However Jackson will be paying 1150 dollars. So, Jackson will be paying 100 dollars more than his father.

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Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,000, how much more will Jackson end up paying?

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