The table shows Mr. Winkler's schedule for paying off his credit card balance.
Interest
Balance
$650.00
Payment
$100.00
New Balance
$550.00
Rate
0.012
$ 6.60
$556.60
$100.00
$456.60
0.012
$ 5.48
$462.08
$366.42
$100.00
$100.00
$362.08
$266.42
0.012
0.012
$ 4.34
$ 3.20
If he continues to make monthly payments of $100, and makes no new purchases, how many more payments will he
have to make before the balance is zero?
Mr. Winkler needs to make
more payments.
Intro
Done