(Answered) Helen recently received a credit card with a nominal interes

Helen recently received a credit card with a nominal interest rate of 21 percent. With the card, she purchased some new clothes for $250. The minimum payment on the card is only $20 per month. If Helen makes the minimum monthly payment and makes no other charges, how long will it be before she pays off the card?;a. 11.4 months;b. 14.2 months;c. 19.9 months;d. 8.0 months;e. The card will never be paid off.
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Helen recently received a credit card with a nominal interes

 


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