Solve the Problem

question 8

Multiple Choice

Solve the problem. Assume no new purchases are made with the credit card.
-The annual interest rate on a credit card is 20.99%. If a payment of $100.00 is made each month, how long will it take to pay off an unpaid balance of $1546.15?

• A) 19 months
• B) 18 months
• C) 13 months
• D) 21 months

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Definitions:

Follower Receptivity

The openness or willingness of followers to accept and adopt guidance, ideas, and direction from leaders.

Leadership Outcomes

The results or impacts of leadership on team performance, organizational success, or the attainment of objectives.

Organizational Performance

A measure of how efficiently and effectively an organization achieves its goals and objectives, often evaluated using criteria like productivity, efficiency, and profitability.

Follower Growth

The development or advancement of individuals who support and are guided by a leader.