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You owe $2000 on a credit card that charges 20% interest. You have $2200 in your savings account that earns 1.69% interest. Your savings account

You owe $2000 on a credit card that charges 20% interest. You have $2200 in your savings account that earns 1.69% interest. Your savings account charges $14.50 a month if you keep a balance of less than $1500 a month. Compare the amount of interest for both to decide what you should do about paying the credit card bill. Consider all factors in the decision. Show your for any calculations you may completed.

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