Marcia has two credit cards and would like to consolidate the two balances into one balance on the card with the lower interest rate. The table below shows the information about the two credit cards Marcia currently uses. Card A Card B Amount $1,389.47 $1,065.32 APR 16% 12% Monthly Payment $39.38 $28.05 After 4 years, approximately how much will Marcia have saved in interest by consolidating the two balances? a. $1,890.24 b. $133.92 c. $543.84 d. $1,346.40

Question

Mathematics

Makena Hansen

22 December, 09:19

Marcia has two credit cards and would like to consolidate the two balances into one balance on the card with the lower interest rate. The table below shows the information about the two credit cards Marcia currently uses. Card A Card B Amount $1,389.47 $1,065.32 APR 16% 12% Monthly Payment $39.38 $28.05 After 4 years, approximately how much will Marcia have saved in interest by consolidating the two balances? a. $1,890.24 b. $133.92 c. $543.84 d. $1,346.40

+4

Answers (1)

Know the Answer?

Rollie · Answer 1

Based on the given table and information above about Marcia's two credit cards, after 4 years, the approximate amount that Marcia will have saved in interest by consolidating the two balances is $133.92. The answer for this would be option B. Hope this answers your question.