You owe $3545 on you credit card. Your minimum payment is 3% of that. The APR is 14.99% Using that information, how long will it take you to pay off that credit card?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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You owe $3545 on you credit card. Your minimum payment is 3% of that. The APR is 14.99% Using that information, how long will it take you to pay off that credit card?
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