SOLUTION: The annual interest rate on a credit card is 15.99​%. If a payment of ​$100.00 is made each​ month, how many months will it take to pay off an unpaid balance of &
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Question 1076284: The annual interest rate on a credit card is 15.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,520.74? Assume that no new purchases are made with the credit card. Found 2 solutions by josmiceli, MathTherapy:Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! = time in yrs = amount owed = amount owed plus interest
----------------------------------- = amount paid after yrs yrs
and months
It takes 3 yrs and 2 months to pay off $2,520.74
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Definitely get another opinion on this!
You can put this solution on YOUR website!
The annual interest rate on a credit card is 15.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,520.74? Assume that no new purchases are made with the credit card.
