mitchell has decided to use a credit card to buy a new gaming system. the price of the item with tax is…

mitchell has decided to use a credit card to buy a new gaming system. the price of the item with tax is $318. if he makes the minimum payment of $15 each month, it will take him 26 months to pay off the debt at an 18% interest rate. the total interest will be $67.64. how much will the item cost if mitchell uses a credit card and only makes the minimum payment each month? $
Answer
Answer:
585.64
Explanation:
Step1: Identify cost components
Total cost = price with tax + total interest
Step2: Calculate total cost
$518 + 67.64 = 585.64$