I was never any good at math...
i need to know what $1599 plus 19% interest will end up costing me if i pay it off over one year...
im buying a bass and need to know how much it will end up costing me...
please help me. thank you
If it is simple interest, then
19% of $1599 is 0.19 times $1599, or $303.81
After one year, you have to pay $303.81 more than the $1599.
After one year, it will cost you $1599 +$303.81 = $1902.81
Usually, it is computed like this:
After one year, cost = (1.19)($1599) = $1902.81