Mary's credit card has a balance of $3,500. The APR for the credit card is...

50.1K

Verified Solution

Question

Basic Math

image

Mary's credit card has a balance of $3,500. The APR for the credit card is 18%. She makes monthly payments of $1,000 and no additional purchases are made. How long will it take to pay off her credit card balance? How much interest will she pay?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students