Question

Brandon has two credit cards and would like to consolidate the two balances into one balance on the card with the lower interest rate. The table below shows the information about the two credit cards Brandon currently uses.
Card A Card B

Amount

$1,463.82 $1,157.98

APR

13% 17%

Monthly Payment

$24.60 $22.14


After 8 years, how much will Brandon have saved in interest by consolidating the two balances?

a. $581.76

b. $194.40

c. $256.32

d. $325.44

Answer 1

Answer:

(C) $256.32

Step-by-step explanation:

Answer 2

The correct answer is c. $256.32.