Sarah got a new credit card and has already charged $100 on it. But, she is paying her minimum payments, $20, on time before the end of her grace period. She has an introductory APR on her card of 0% for one year. After the introductory period expires, the APR is 17.99%. How long will it take her to pay off the balance on the card?

Select the best answer from the choices provided.
nine months
four month
two months
five months

Question

Sarah got a new credit card and has already charged $100 on it. But, she is paying her minimum payments, $20, on time before the end of her grace period. She has an introductory APR on her card of 0% for one year. After the introductory period expires, the APR is 17.99%. How long will it take her to pay off the balance on the card?


Select the best answer from the choices provided.
nine months
four month
two months
five months