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:

New Technologies

Emerging tools, systems, or innovations that significantly alter the business, societal, or personal landscapes, driving progress and sometimes disrupting established practices.

Radio

A technology and medium for transmitting audio content to a broad audience through electromagnetic waves.

Movies

Visual art forms that use moving images and sound to tell stories or convey messages, often produced for entertainment purposes.

Sultan Of Swat

A nickname for Babe Ruth, an American baseball legend known for his home run-hitting prowess.