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True [87]
3 years ago
13

Help me please *only answer*

Mathematics
1 answer:
Digiron [165]3 years ago
5 0

Answer:

47 squre feet??

sorry if I'm wrong

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You owe $1,000 on a credit card that has an interest rate of 27.99% and make only the minimum payment of $20 each month. Which a
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Answer: The credit card will paid off within 10 years, therefore the correct option is D.

Explanation:

Let the number of years in which the credit card will aid of be x.

It is given that amount owed on credit card is $1000 with interest rate 27.99%.

So the amount of interest is calculated as,

1000\times \frac{27.99}{100} =\$27.9

The total amount have to pay is,

\$1000+\$279.9=\$1279.9

The minimum payment is $20 each month.

x=\frac{1279.9}{20}

x=63.995

So, the credit card will paid of in 63.995 months. We know that 1 year =12 months.

\frac{63.995}{12} =5.33

Therefore, the will paid of in 5.33 years, s we can say that the credit card will paid off within 10 years, therefore the correct option is D.

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