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Darlene has a balance of $3980 on a credit card with an APR of 22.8%. Paying off her balance in which of these lengths of time will result in her paying the least amount of interest?

A.10 months
B.8 months
C.4 months
D.6 months

User SatanTime
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2 Answers

5 votes

Answer:4 months

Explanation:

I jus did it

User Padmalcom
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For interest yeilding credit card balance, the sooner the balance is paid off the lesser the interest that will be paid.

Therefore, given that Darlene has a balance of $3980 on a credit card with an APR of 22.8%. Paying off her balance in 4 months will result in her paying the least amount of interest.
User Daniel Kennedy
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