SOLUTION: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player and speakers for $975. The credit card company offered t

SOLUTION: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player and speakers for $975. The credit card company offered t

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Question 431422: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player and speakers for $975. The credit card company offered to ignore the finance charges if Katsumi makes the minimum monthly payment of $15. How many months will Katsumi need to pay off the music system at this rate?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
975/15 = 65 months

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