asked 113k views
4 votes
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.

A. January
B. February
C. March
D. April

asked
User Lyosef
by
7.4k points

1 Answer

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