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Scrat [10]
2 years ago
7

You have a credit card and the average balance on that card, year after year, is $4,000. The credit card company charges 21% ann

ual intrest on your average balance, how much extra money would you have to invest each year if you weren’t paying intrest on that credit card debt?
A. $117
B. $840
C. $273
D. $791
Business
1 answer:
sergiy2304 [10]2 years ago
4 0
The answer is b. 840$
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Answer:

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Explanation:

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Answer:

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Explanation:

For this question we use the RATE formula that is shown in the attachment below:

Provided that

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