Credit card A has an APR of 22.2% and an annual fee of $50, while credit card B has an APR of 23.9% and no annual fee. All else being equal, at about what
balance will the cards offer the same deal over the course of a year?
O A. $2385.75
B. $238.58
O C. $23,857.48
O D. $23.86

$2,385.75

Step-by-step explanation:

The  computation of the balance left that offer the same deal is shown below:

Let us assume the required balance be P

Now the equation for the credit card A is

And, the equation for the credit card B is

Now equate these two equations which are as follows

1.246041193 P + $50 = 1.266998979 P

After solving this, the P value is $2,385.75

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step-by-step explanation:

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5.5

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