Question

Nancy has eleven credit cards. She pays an annual fee of $45 each for the use of two of the cards, a $35 annual fee for use of three of the cards, and a $30 annual fee for the use of four of the cards. The remaining two cards do not have an annual fee. How much should she budget each month to pay her annual fees on the eleven credit cards?

$25.00
$25.75
$26.25
$27.00
None of these choices are correct.

Answer 1

$26.25

Explanation:

I multiply each fee with the number of cards it goes along with, then I added it up all together which is 315. To get the monthly fee I divide 315 by 12 to get the answer.

45(2)+35(3)+30(4)

90+105+120 = 315

315/12 = 26.25