A person bought a TV on credit for $ 4,000, the interest charged is 3% per...

A person bought a TV on credit for $ 4,000, the interest charged is 3% per month. During the first six months she was able to pay $ 250 each month, but from the seventh month her payment increased by $ 50 per month, that is, she paid $ 300 at the end of the seventh month, $ 350 at the end of the eighth month, etc.
When did she finished paying the debt? how much did she paid in the last mont to finish the debt?

The correct answers are: 14th month and the payment has to be $496.93

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jeff jeffy answered 1 year ago

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