Kate has a balance of $ 1,080 on her credit card. If she makes no purchases and pays $ 90 each month, will her credit card balance be payed off in a year? Explain.

Answer 1

In theory, yes.
In reality, no.

In theory, yes.

According to the question, since there is no interest stated whatsoever.

#$1080-12($90)=$0#

Kate will pay off her credit card balance in a year.

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In reality, no.

Credit card loans always carry with them an interest rate. Credit card loans interests rates can be compounded daily, monthly or annually.

With interest, Kate will not pay off her credit card balance in a year.

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Answer from HIX Tutor

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

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