SOLUTION: a friend loaned me his credit card for $1600. and for 15 month.his credit card charges 7% ,how much money should i pay him?

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Question 390029: a friend loaned me his credit card for $1600. and for 15 month.his credit card charges 7% ,how much money should i pay him?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=1600(1+0.07)^1.25
A=1600*1.088
A=1741.20