SOLUTION: Kareem purchased a leather jacket for $800 with his new credit card. He budgeted $50 a month to pay toward the debt. When he read the fine print on the credit card statement, he sa

Question 40209: Kareem purchased a leather jacket for $800 with his new credit card. He budgeted $50 a month to pay toward the debt. When he read the fine print on the credit card statement, he saw that for each month he owed a balance, a finance charge of $17.50 would be added. How many months will it take Karem to pay off the leather jacket?
Thanx
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
800=(50+17.5)X OR 800=67.5X OR X=800/67.5 OR X=11.85 OR 12 MONTHS
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