Shannon received a credit card offer in the mail. She applied for the credit card and received a card with a limit of $500. Shannon's introductory APR was 0% for the first nine months. After that, her APR for purchases will be 19.99%. Shannon immediately makes purchases on her credit card worth $300 and each month makes minimum payments of $15. What will the balance be on Shannon's card at the time the APR for purchases starts applying to her balance?

Question

anonymous · Answer

$365
$135
$335
$165

anonymous · Answer

Word problems always seem harder than they are. Try to convert all the complicated words to a formula.
Can you eliminate some?

anonymous · Answer

i'm just not really sure how to do this anyways... :( @FitzIncorporated