The amount will Brandon has saved in interest by consolidating the two balances is $935. 28.
A credit card can be used for the purchase of goods and services. Generally, a credit card has a specific limit. It is known as a line of credit (LOC).
Given
The table below shows the information about the two credit cards Brandon currently uses.
Card A Card B Amount $957. 00 $1,476. 12 APR 11% 15% Monthly Payment $18. 22 $31. 21
72 months payment of Credit Card A
$18. 22 × 72= $1311.84
72 months payment of Credit Card B
$31. 21 × 72= $2247.12
The amount will Brandon have saved in interest by consolidating the two balances is;
$2247.12 - $1311.84 = $935. 28
Hence, The amount will Brandon has saved in interest by consolidating the two balances is $935. 28.
To know more about credit cards click the link given below.
https://brainly.com/question/2869849
