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Teresa has a balance of $3750 on a credit card with an APR of 28.2%. Paying off her balance in which of the following lengths of time will result in her paying the least amount of interest?
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Teresa has a balance of $3750 on a credit card with an APR of 28.2%. Paying off her balance in which of the following lengths of time will result in her paying the least amount of interest?

User Chen OT
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2 Answers

6 votes
9 months for APEX users
User Gsgx
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8.3k points
3 votes
9 months, the faster you pay it off the less you pay in interest
User Rodrigo Gauzmanf
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8.3k points
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