SOLUTION: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player & speekers for $975. The credit card company offered to
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-> SOLUTION: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player & speekers for $975. The credit card company offered to
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Question 40212: Katsumi applied for a credit card with a limit of $1,000. When the application was approved, Katsumi bought a new CD player & speekers for $975. The credit card company offered to ignore the finace charges if Katsumi makes the mimimum monthly payment of $15. How many months will it take him to pay off the music system at this rate?
______months
Thanx Answer by fractalier(6550) (Show Source):
You can put this solution on YOUR website! Well to pay off $975 in $15 payments, just divide 975 by 15 to find how long it will take...so
975/15 = 65 months
