You Are Considering Applying for One of Two Credit Cards

question 36

Essay

You are considering applying for one of two credit cards.Credit card "A" has an annual fee of $30 and charges interest of 10 percent.Credit card "B" has no annual fee,but charges an interest rate of 15 percent.If you carry an average balance of $500 on your credit card,the lowest total annual expenses you could have with one of these two credit cards would be:
(a)$50
(b)$80
(c)$75
(d)$90

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Definitions:

Anandamide

An endocannabinoid, naturally produced in the body, that binds to cannabinoid receptors and affects mood, appetite, and pain sensation.

Dopamine

A neurotransmitter in the brain associated with pleasure, movement, and the reward system.

Serotonin

A neurotransmitter involved in regulating mood, appetite, and sleep, among other functions.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a critical indicator of cardiovascular health.