Question

Hannah has a $1,600 balance on Credit Card #2. She wants to pay off her balance on this card within 12 months. If she keeps paying $114 each month, how long will she need to pay her balance?

A.
10 months

B.
11 months

C.
14 months

D.
18 months

Answer 1

To find out how long Hannah will need to pay her balance, we need to divide the balance by the monthly payment amount and then round up to the nearest whole number.

1600 (balance) / 114 (monthly payment) = 14 months.

So the answer is C, 14 months.

It's important to note that this is an estimate, and Hannah may end up paying off the balance sooner or later depending on interest rates, fees, or any changes to her monthly payments.

Explanation: