You're really good at investing and you have $1,500 in your investment
account
You make 8.5% interest a year on your investment account!
For a year you owe $1,600 on a credit card.
You pay 19% interest a year on this credit card debt.
- How much money are you making on your investment in a year?
- How much money are you paying in interest in a year on your card.
- What’s your total gain/loss that year? (Entre a negative value for a loss)
how much are you making on your investment? calculate: $1,500 * 8.5%. what do you pay in interest on your card? you do the math: $1,600 * 19%. looks like a huge loss of money, right? enter the loss as a negative value.
