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8 April, 17:44

Pedro has a balance of $5810 on a credit card with an APR of 16.2%. Paying off his balance in which of these lengths of time will result in him paying the least amount of interest?

A. 9 months

B. 11 months

C. 13 months

D. 7 months

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Answers (1)
  1. 8 April, 18:02
    0
    A interest payed 399.19

    B interest payed 481.12

    C interest payed 563.76

    D interest payed 317.95

    you will pay the lest with a 7 month contract but you will pay more monthly but pay a lesser amount in the end so your answer is D
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