Jessica has a balance of $2,200 on her credit card with an 18% interest rate. Her credit card company doesn’t require a minimum

Question

3 years ago

15

Jessica has a balance of $2,200 on her credit card with an 18% interest rate. Her credit card company doesn’t require a minimum

payment on the balance (unheard of) and does not assess any late charges (also unheard of). If Jessica chooses not to make any payments on her outstanding balance, how long will it take for her balance to double?

Computers and Technology

1 answer:

professor190 [17] · Answer 1 · 2021-12-03T06:15:39+03:00

professor190 [17]3 years ago

3 0

By doing 2200/18 you get 122 which is how many times you can have 18 go into 2200 and its also how long it will take in days to get her balance doubled.