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11 September, 17:56

Darlene has a balance of $3980 on a credit card with an APR of 22.8%. Paying off her balance in which of these lengths of time will result in her paying the least amount of interest?

A. 10 months

B. 8 months

C. 4 months

D. 6 months

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Answers (1)
  1. 11 September, 18:09
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    For interest yeilding credit card balance, the sooner the balance is paid off the lesser the interest that will be paid.

    Therefore, given that Darlene has a balance of $3980 on a credit card with an APR of 22.8%. Paying off her balance in 4 months will result in her paying the least amount of interest.
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Home » Mathematics » Darlene has a balance of $3980 on a credit card with an APR of 22.8%. Paying off her balance in which of these lengths of time will result in her paying the least amount of interest? A. 10 months B. 8 months C. 4 months D. 6 months
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