SOLUTION: Nancy has eleven credit cards. She pays an annual fee of $45 each for the use of two of the cards, a $35 annual fee for use of three of the cards, and a $30 annual fee for the use

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Nancy has eleven credit cards. She pays an annual fee of $45 each for the use of two of the cards, a $35 annual fee for use of three of the cards, and a $30 annual fee for the use       Log On

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Question 1029421: Nancy has eleven credit cards. She pays an annual fee of $45 each for the use of two of the cards, a $35 annual fee for use of three of the cards, and a $30 annual fee for the use of four of the cards. The remaining two cards do not have an annual fee. How much should she budget each month to pay her annual fees on the eleven credit cards?
Found 2 solutions by josmiceli, Fombitz:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Total of annual fees = +2%2A45%2B+3%2A35+%2B+4%2A30+
+2%2A45%2B+3%2A35+%2B+4%2A30+=+90+%2B+105+%2B+120+
+90+%2B+105+%2B+120+=+315+
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The monthly budget is:
+315%2F12+=+26.25+
$26.25

Answer by Fombitz(32388) About Me  (Show Source):