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:

Nonprofit Organization

An entity that operates for charitable, educational, or social objectives rather than for profit.

Organizational Culture

The values, behaviors, practices, and social dynamics that characterize an organization and influence its members' actions and beliefs.

Unwritten Rules

Social norms or practices that are understood and followed by members of a group or organization but are not officially documented.

Training Sessions

Organized events aimed at enhancing skills, knowledge, or performance in a specific area.