You are considering applying for one of two credit cards.Credit card "A" has an annual fee of $30 and charges interest of 10 percent.Credit card "B" has no annual fee,but charges an interest rate of 15 percent.If you carry an average balance of $500 on your credit card,the lowest total annual expenses you could have with one of these two credit cards would be:
(a)$50
(b)$80
(c)$75
(d)$90

Question

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The Answer of You are considering applying for one of two credit cards.Credit card "A" has an annual fee of $30 and charges interest of 10 percent.Credit card "B" has no annual fee,but charges an interest rate of 15 percent.If you carry an average balance of $500 on your credit card,the lowest total annual expenses you could have with one of these two credit cards would be:
(a)$50
(b)$80
(c)$75
(d)$90

You Are Considering Applying for One of Two Credit Cards