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Laura's credit card balance this month is​ $449.00. Her APR​ (annual percentage​ rate) is 14.8​ %. The minimum payment due is​ $15.00. If she pays only the minimum each month and does not add any more​ charges, how long will it take her to pay off the entire​ balance?  

answer choices:
-about 1 year
-about 10 years
-about 6 years
-about 3 years

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claudettoterohil

Credit Card Balance: $449.00


Interest Rate: 14.8%


Minimum Payment: $15.00



It will take Laura 3 years, and 2 months to pay off the balance. The total interest would be $114.50






Hope that helps!!!!! (Answer: 3 years and 2 months it will take Laura to pay entire balance on credit card.).


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