Register

You have a $7,000 credit card debt, and you plan to pay it off through monthly payments of $175. If you are being charged 15% interest per year, how long (to the nearest 0.5 yea…

You have a $7,000 credit card debt, and you plan to pay it off through monthly payments of $175. If you are being charged 15% interest per year, how long (to the nearest 0.5 yea…
asked 67.4k views
4 votes
You have a $7,000 credit card debt, and you plan to pay it off through monthly payments of $175. If you are being charged 15% interest per year, how long (to the nearest 0.5 years) will it take you to repay your debt?

asked
User Jens Jansson
by
8.3k points

1 Answer

5 votes
6 years?
You haven't given any options..but this is how i got it.
7000/175= 40
40*0.15=6
answered
User Sam Derbyshire
by
7.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!