Your credit card has a balance of $5400 and an annual interest rate of 17%. You decide to pay off the balance over two years. If
there are no further purchases charged to the card, you must pay $266.94 each month, and you will pay a total interest of $1006.56. Assume you decide to pay off the balance over one year rather than two. How much more must you pay each month and how much less will you pay in total interest?
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Answer:
55%
If 1,210 people would buy that type of car again, they were satisfied with it.
The fraction of people who were satisfied would be .
To find a percentage, we need to divide the top of the fraction by the bottom, then multiply by 100.
1210/2200 is equal to 0.55. This is the decimal form of the fraction, but we need the percentage.
0.55 x 100 is equal to 55.
The answer is 55%