Question

Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,000, how much more will Jackson end up paying?

Answer 1

The father will end up paying 1050 dollars since 10% of 1000 is 100.

However Jackson will be paying 1150 dollars. So, Jackson will be paying 100 dollars more than his father.