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Rita has a credit card that gives a 6% discount on every purchase. The annual percentage rate on the card is 15%. She is purchasing a digital camera for $300. If she purchases the camera and only pays $80 on the first month’s bill, how much will she need to pay off the balance the following month? $199.47 $204.53 $220.00 $222.75

Respuesta :

Answer:$204.53

Explanation:

The payment due in the following months is $204.53.

What is a  credit card?

Credit cards offer you a credit extension that can be utilized to make buys, balance moves, or potentially loans, and expect that you repay the advance sum on the due date.

Given:

Purchase =$300

Payment of 1st month=$80

A credit card gives a discount=6%

Annual charges on credit card=15%

The amount due to Rita is $204.53

Therefore option B aptly describes the statement.

Learn more about credit cards here:

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