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If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50 monthly payments, how long will it take you to pay this card off?

If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50 monthly payments, how long will it take you to pay this card off?
asked 181k views
5 votes
If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50

monthly payments, how long will it take you to pay this card off?

asked
User Gregavola
by
8.5k points

1 Answer

3 votes

Answer: A

Step-by-step explanation:

It will take 7.5 years

answered
User Tatyana
by
7.6k points
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