SOLUTION: I have a 2,000 credit card and it has an 11% interest rate how do I do the math equation to find out how much I owe from what I spent?

SOLUTION: I have a 2,000 credit card and it has an 11% interest rate how do I do the math equation to find out how much I owe from what I spent?

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Question 874489: I have a 2,000 credit card and it has an 11% interest rate how do I do the math equation to find out how much I owe from what I spent?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
S + .11S = (1.11)Spent is the amount owed
Spent $100, owe $111
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