# MATH

Levi would like to use a credit card to make a \$3000 purchase. He is considering two credit options. The first requires a down payment of \$1000 followed by monthly payments of \$125. The second requires a down payment of \$1300 followed by monthly payments of \$110. The two options accumulate the same amount of interest and require the same number of monthly payments.

What is the amount of interest for this loan?

\$800
\$500
\$1,000
\$320

1. 👍 0
2. 👎 0
3. 👁 488
1. \$500

1. 👍 3
2. 👎 0

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