Question
Debbie takes her family out to eat every other Saturday and puts the charge of $100 on her credit card. Her credit card interest is
Debbie takes her family out to eat every other Saturday and puts the charge of $100 on her credit card. Her credit card interest is 20% based on her credit score rating of Prime
Answer the following question utilizing the Credit Card Interest Calculator:
For just one year of spending $100 on dinner every other Saturday, how much would Debbie pay in interest for her credit card balance of $2,400?
How long would it take for Debbie to payoff this debt with a minimum payment of $48 per month?
How would her interest rate change if she had a better credit score rating?
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