Frank has four different credit cards, the balances and interest information of which are outlined in the table below. As Frank was developing a debt payment plan, Charles suggested that he pay off the credit cards beginning with the highest balance, working his way down. If Frank chooses to follow Charle’s advice, in what order should Frank plan on paying off his credit cards?Credit CardBalanceAPRA$2,380 19%B$4,500 15%C$1,580 17.50%D$900 21%
Following Charles’s advice means ordering the cards from the largest balance to the smallest. The balances are B ($4,500), A ($2,380), C ($1,580), and D ($900), so the order is B, A, C, D.
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