You Have an $8000 Balance on Your Credit Card,which Charges

question 23

Multiple Choice

You have an $8000 balance on your credit card,which charges 18% interest annually (1% per month) .If you can afford to pay $100 per month,how many months will it take to pay the credit card in full?

• A)170 months
• B)14 months
• C)162 months
• D)You will never get the card paid off at that rate.

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Definitions:

Caffeine Intake

The total amount of caffeine consumed from various sources such as coffee, tea, soft drinks, and medications, which can affect the body's central nervous system.

Nurture

The influence of external factors such as environment, education, and social experiences on the development of an individual.

Intellectual Stimulation

The act of engaging and challenging the mind to foster learning and creativity.

IQs

Stands for Intelligence Quotients, a measure of a person's intellectual abilities in relation to an average score, typically assessed through standardized tests.