Mathematics, 09.10.2021 06:00 naomicervero

You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5% in each month you make only the minimum payment of 5% of your balance, what will be your balance after 24 months?

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You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5...

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You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5% in each month you make only the minimum payment of 5% of your balance, what will be your balance after 24 months?￼￼

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Another question on Mathematics

You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.5% in each month you make only the minimum payment of 5% of your balance, what will be your balance after 24 months?