Marliss Made a $780

question 202

Short Answer

Marliss made a $780.82 purchase on her Visa card. Including 45 days' interest, the amount billed on her credit card was $798.63. What annual interest rate does her card charge?

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Definitions:

Id's Desires

The component of Sigmund Freud's psychoanalytic theory that encompasses the instinctual and primitive impulses driving human behavior.

Gratification

The satisfaction or pleasure one feels when their needs or desires are fulfilled.

Reality Principle

A psychoanalytic concept where the ego seeks to satisfy the id’s desires in realistic and socially acceptable ways.

Operate

To function or perform effectively, often referring to machinery or procedures, but also can apply to individuals and organizations.