Your parents have a credit card with a balance of $3,287.90 at an interest rate of 14.5% APR. They pay $1,200.00 each month on the due date until the card is paid off. How many months does it take to pay off the card, and what is the total amount paid including interest?

3 Months to pay it off

Step-by-step explanation:

month one: 3287.90 x 14.5%/12=39.73

3287.90+39.73=3327.63-1200=2127.63

month two: 2127.63x14.5%/12=25.71

2127.63+25.71=2153.34-1200=953.34

month three: 953.34x14.5%/12=11.52

953.24+11.52=964.86

payment in month three is $964.86 to pay the card off

x+y=90

x=30-y=x

step-by-step explanation:

if you understand you will get the answer

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