theatergeek005
26.06.2019 •
Mathematics
Sarah got a new credit card and has already charged $100 on it. but, she is paying her minimum payments, $20, on time before the end of her grace period. she has an introductory apr on her card of 0% for one year. after the introductory period expires, the apr is 17.99%. how long will it take her to pay off the balance on the card? a. nine months b. four month c. two months d. five months
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Ответ:
(D) 5 months
Step-by-step explanation:
Principal amount = $100
APR = 0% for one year
Time = (t) months
Minimum payments = $20
If the monthly payment is $20 and Sarah has to give a total of $100 with no interest.
So, the months needed to pay off the balance of the card =
= 5 months
Hence, option (D) is correct.
Ответ: