You owe 958.62 on a credit card at 9.7% apr. the minimum payment is 105.00. how much goes toward principal if you make the minimum payment at the end of the first month?

APR stands for Annual Percentage Rate and in this problem, we are given APR is equal to 9.7%
Per month rate = 9.7% / 12 months = 0.808%

Total credit interest for 12 months = 958.62 *0.097 = $92.97
In one month = $92.97/12 = $7.7475
If you pay at the end of the first month:
Payment = 105.00
The amount goes to principal:
Amount =$105 - $ 7.7475
Amount = $142.25

The answer is the third choice