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dnwilliams838
dnwilliams838
28.05.2020 • 
Mathematics

A new bank offers you a 0% Intro APR on balance transfers. All transfers must be completed in first 4 months. After that

the variable APR will be 24%, based on your credit score remaining above 650. If you transfer a balance with this offer, after your 0% Intro

purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including

your transferred balance, are paid in full. You have transferred $600 to this account and paid half before the fourth month. You then charge

$350 in the fifth month. What is your balance at the end of the fifth month if you have made no additional charges, payments or transfers?

a) $600

b) $663

c) $850

d) $2,475

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