You have two options for credit cards. Option one offers a fixed annual percentage rate of 17%. Option two offers you an introductory annual percentage rate 10% for the first year increasing to 23% the second year. Each card offers you a $1,500 limit. In each of the first two years you reach your limit. Using simple interest, calculate the interest for both cards for the first two years. What is the difference in interest charges?
a) $15
b) $17
c) $23
d) $25
+5
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