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patriot [66]
3 years ago
11

PLEASE HELP WITH THE STEPS

Mathematics
1 answer:
emmasim [6.3K]3 years ago
6 0

Answer:

It will take 10 months to pay off the unpaid balance.

Step-by-step explanation:

Given that the annual interest rate on a credit card is 15.30%, if a payment of $ 300.00 is made each month, to determine how many months will it take to pay off an unpaid balance of $ 2,590.67, the following calculation must be performed:

(2,590.67 x 1.1530) / 300 = X

2,987.04 / 300 = X

9.95 = X

Therefore, it will take 10 months to pay off the unpaid balance.

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