Chanille has a credit card with a $6,000 limit. She charges $750 every month for clothes, but she can only pay back $300 a month. How many months until her card reaches or exceeds its limit? (1 point)
14 months
• 13 months
• 8 months
• 20 months
Chanille charges $750 every month and can only pay back $300 a month, which means each month her credit card balance increases by $750 - $300 = $<<750-300=450>>450.
To find the number of months until her card reaches or exceeds its limit, divide the credit card limit of $6,000 by the monthly increase of $450.
Therefore, it will take Chanille $6,000/$450 = 13.33 ≈ 13 months for her card to reach or exceed its limit.
Therefore, the answer is 13 months.