Question

Kimberly has a credit card with a 19% APR and a balance of $4,350. With her current monthly payment, Kimberly will be able to pay off the credit card in a mere 16 months. But when Kimberly's car breaks down, she is forced to charge an additional $1,600 to her credit card. How much will Kimberly's minimum monthly payment increase if she still wants to pay off her credit card in 16 months? a. $100. 00 b. $113. 99 c. $309. 90 d. $423. 89.

Answer 1

19%=0.19+$4,350/16=$272+$1,600=$1872+0.19=1872.19/12=$156+$4,50=

$375.50

Answer: C. $309.

Explanation:

Answer 2

✅ b. $113.99

i took the test⬇️