PLZ Help I'll mark asbr /> Suppose you have an outstanding balance of $400 on your credit card, which has a 15% APR. You have carefully considered your budget and decided that you can afford to pay $75 per month until the balance is paid in full. You have also decided that you will not make any additional purchases using the card until it has a $0 balance.

fr

Step-by-step explanation:

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

b

step-by-step explanation:

the word superfluous means unnecessary