Answer:
Passport
Annual finance charge =$450
Total annual cost = $2970
Traveller
Annual finance charge = $425
Total annual cost = $2945
Explorer
Annual finance charge =$400
Total annual cost = $2950
The travellers card is the best
Explanation:
Passport
Annual finance charge = 18% x 2500 = $450
Total annual cost = $2500 + 450 + 20 = 2970
Traveller
Annual finance charge = 17% x 2500 = $425
Total annual cost = $2500 + 425 + 20 = 2945
Explorer
Annual finance charge = 16% x 2500 = $400
Total annual cost = $2500 + $400 + $50 = 2950
The traveller is the best for a consumer because it has the lowest cost
