Question

Number of Months to Pay Off 21 Monthly Payments Total Interest Paid $150 21 $314.68 ,, $250 12 $184.41 ,, $500 6 $95.84 Which is a correct conclusion from the table?
A. The more he chooses to pay off each month, the higher total interest he will pay.
B. The quicker he pays off the credit card, the more interest he will pay.
C. The more he chooses to pay off each month, the less total interest he will pay.
D. The amount he chooses to pay each month will not affect the total interest he pays.​

Answer 1

The correct conclusion from the table shows C. The more he chooses to pay off each month, the less total interest he will pay.

How is interest determined?

The interest amount is calculated based on the outstanding balance.

When a cardholder makes more monthly payments, the interest amount reduces because of the reduction in the outstanding balance.

Data and Calculations:  

Number of Months       Monthly Payments   Total Interest Paid

to Pay Off 21

                                                $150

21                                                                               $314.68

                                              $250

12                                                                               $184.41

                                              $500

6                                                                                $95.84

Thus, the correct conclusion from the table shows C. The more he chooses to pay off each month, the less total interest he will pay.

Learn more about interest calculations at brainly.com/question/25545513

Answer 2

letter B is the answer

Step-by-step explanation:

she needs some credit