Mathematics, 23.03.2021 19:20 mhaniyahn

Riley has a credit card with a balance of $1500. The account has a 2.5% interest rate compounded monthly. This month, Riley paid $25 toward the balance on the card. Explain why this payment actually hurts Riley's chances of paying off the card instead of helping them.

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Riley has a credit card with a balance of $1500. The account has a 2.5% interest rate compounded mon...

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