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Answered

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PLEASE HURRY, ME AND MY FRIEND NEED HELP WITH THIS QUESTION
Terri has a balance of $795 on his credit card. He is currently making monthly credit card payments of $20 a month. What will happen if he increases the amount he is paying by $18 a month?
A. It will take him less time to repay the loan
B. The interest rate will increase
C. It will take him longer to repay the loan
D. The interest rate will decrease

Sagot :

Answer: A

Step-by-step explanation:

If he increases the amount then the less time it will take to pay the loan

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