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At the start of January, you have a credit card with a balance of $498, a credit limit of $900, and an interest rate of 15%. You make monthly payments of $35. At the end of which month will your balance be below the target debt ratio. (They consider the target debt to be 1/2 the credit line or less).

Jan
Feb
March
April,

Respuesta :

vunderkid
At the end of the January the balance of credit card need to be $498+$35=$533
$533 is more than one half of the $900. So at the end of the January.

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