Question

ANSWER FOR BRAINLYIEST Lisa has a credit card that charges 3% interest on a monthly balance. She buys a $200
bike and plans to pay for it by making monthly payments of $100. How many months
will it take her to pay it off? Assume the first payment she makes is charged no
interest because she paid it before the first bill.

Answer 1

a little over 2 months, because $200 and she pays 100 upfront leaves her with $100 left to pay but 3% interest would be $3 so she would be going into the 3rd month.