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raieliz
raieliz raieliz
  • 12-01-2017
  • Mathematics
Answered

Really need help!


At the start of January, you have a credit card with a balance of $498, a credit limit of $900, and an interest rate of 15%. You make monthly payments of $35. At the end of which month will your balance be below the target debt ratio.

AJanuary
BFebruary
CMarch
DApril

Verified Answer :

Nathan78 Nathan78
  • 12-01-2017

It is D April because it is a five month interest rate

Answer Link

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