Question

1) Kris buys new softball equipment for $1,500 The purchase made is with a credit card that has a 20% APR. Kris makes a $100 payment monthly. How many months will it take Kris to pay off the balance?

Answer 1

18 months

Explanation:

20/100=0.2 Apr

0.2 multiply 1500=300

300+1500=1800 divide 100=18

18 months