William spends $2,500 on a bedroom furniture set on a store

Last updated: 7/19/2022

William spends $2,500 on a bedroom furniture set on a store credit account. If he is not required to make payments for three years, but the interest is compounded yearly at 8.5%, how much interest will he owe after 3 years? $2,508.50 $693.22 $212.50