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Benedict has a credit card with an outstanding balance of $ 2 4 , 0 0 0 . The credit card charges interest of 1

Benedict has a credit card with an outstanding balance of $24,000. The credit card charges interest of 19%(compounded monthly). Benedict makes minimum payments of $400. If Benedict adds $50 per month to his current repayment of $400 for his credit card, what will his approximate interest savings be?

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