# Is this right? I don't know how to figure this out. I don;t understand algebra

*label*Algebra

*timer*Asked: Mar 16th, 2015

**Question description**

Suppose you pay $500 to credit card for PS4. The annually interest rate is 20%. You pay $30 a month until it's paid off. Is this amount enough to pay your credit card off? If not determine an annually amount that would be. How long would it take you to pay the credit card off at that amount per month? How much will you end up paying for the PS4?