Pedro has a balance of $5810 on a credit card with an APR of 16.2%. Paying off his balance in which of these lengths of time wil

Question

valentina_108 [34]

3 years ago

11

Pedro has a balance of $5810 on a credit card with an APR of 16.2%. Paying off his balance in which of these lengths of time wil

l result in him paying the least amount of interest?
A. 9 months
B. 11 months
C. 13 months
D. 7 months

Mathematics

1 answer:

Sonja [21] · Answer 1 · 2021-11-17T18:00:24+03:00

Sonja [21]3 years ago

3 0

A interest payed 399.19
B interest payed 481.12
C interest payed 563.76
D interest payed 317.95
you will pay the lest with a 7 month contract but you will pay more monthly but pay a lesser amount in the end so your answer is D