cessary. A credit card has a balance of $7250 at an annual percentage rate of 15.99%. You plan to pay $400 each month in an effort to clear the debt quickly. How long will it take you to pay off the balance?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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cessary.
A credit card has a balance of $7250 at an annual percentage rate of 15.99%. You plan to pay
$400 each month in an effort to clear the debt quickly. How long will it take you to pay off
the balance?
Transcribed Image Text:cessary. A credit card has a balance of $7250 at an annual percentage rate of 15.99%. You plan to pay $400 each month in an effort to clear the debt quickly. How long will it take you to pay off the balance?
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