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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?
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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?

User Bodagetta
by
7.5k points

1 Answer

1 vote

Answer:

18 months

Explanation:

20/100=0.2 Apr

0.2 multiply 1500=300

300+1500=1800 divide 100=18

18 months

User Ivo Sabev
by
7.2k points
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