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Use a calculator to see what would happen if you used a credit card to pay the minimum monthly payment. Calculate using the following information: Cost of computer (balance): $600 Annual percentage rate (APR): 12. 9% Total duration of payments: 2 years Use the simple interest formula: A = (P)(r)(t) If you make only the minimum payment each month, what will the total cost of the computer be? $600 $629 $755 $830.

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abiolataiwo2015

Based on the information given the total cost of the computer be $755.

Using simple interest formula

A = (P)(r)(t)

Where:

A=Amount=?

P=Principal=$600

r=rate=12.9% or 0.129

t=time=2 years

Let plug in the formula

A=$600×0.129×2

A=$754.8

A=$755 (Approximately)

Inconclusion  the total cost of the computer be $755.

Learn more simple interest here:https://brainly.com/question/17929956

Answer:

$755

Explanation:

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