Leonard Buys a Painting on His Credit Card for $14

Multiple Choice

Leonard buys a painting on his credit card for $14 990. He pays his credit card in full within the grace period of 11 days using his secured line of credit, which charges him prime (3%) plus 1%. He repays his loan in 168 days. If his credit card company charges him a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?

A) $0
B) $206.99
C) $275.98
D) $126.49
E) $402.47