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

question 2

Multiple Choice

You have an $8000 balance on your credit card,which charges 12% 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:

Productivity

The efficiency at which goods or services are produced, often measured as the amount of output per unit of input.

Open Systems

Organizations or entities that dynamically interact with their environment, exchanging information, resources, and influences.

Portfolio Of Skills

A comprehensive collection of an individual's abilities, competencies, and experiences, illustrating their professional capabilities.

Employment Patterns

Trends and tendencies in how people are employed, reflecting changes in workforce dynamics, career paths, and economic conditions.