melissadhosking melissadhosking

03-03-2021
Mathematics

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The Johnson family buys a new furnace and air conditioner unit for $5000.00. The purchase is made with a credit card that has a 12% APR.

The Johnsons make a $250.00 monthly payment. How many months will it take to pay off the credit card balance? Enter your answer as a whole number, such as: 40.

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Baronvondeutchcom Baronvondeutchcom

03-03-2021

12% of 5000= 600
5600 divided by 250= 22.4 or rounded to 22 months

I think that’s right ^

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