Michelle's credit card has a 1% introductory apr for 12 months and after that a 19.9% apr for purchases. michelle makes purchases of $150 and plans to pay off her total balance before the grace period ends. her card has a late fee of $35 and an annual membership fee of $0. how much will michelle pay to have a $0 balance on her credit card?

Her total balance of credit card $151.50

Step-by-step explanation:

Michelle's credit card has a 1% introductory APR for 12 months. After that APR would be 19.9%.

Michelle makes purchases of $150.00 and she wants to pay off her balance before the grace period, so her total balance of the card is

( 1% of 150.00 ) + 150.00 = 01.50 + 150.00 = $151.50

She plans to pay off her total balance before the grace period ends,

Therefore she is eligible for only 1% APR

there would be No late fees, No annual membership, added to her balance.

answer: yes, since the line has a steeper rate of change than the exponential the y-values will be greater and they will only intersect one time.