document.write( "Question 1154388: A bank credit card charges interest at the rate of 23% per year, compounded monthly. If a senior in college charges $1300 to pay for college expenses, and intends to pay it in one year, what will he have to pay? \n" ); document.write( "

Algebra.Com's Answer #776811 by ikleyn(52909) $\"\"$ $\"About$

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document.write( "If I understand the question correctly, it does not ask about the interest.\r\n" );
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document.write( "It asks about the total amount to pay after 1 year.\r\n" );
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document.write( "If so, then the correct answer is  $1632.62.\r\n" );
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