Rita has a credit card that gives a 6% discount on every purchase. The annual percentage rate on the card is 15%. She is purchasing a digital camera for $300.If she purchases the camera and only pays $80 on the first month’s bill, how much will she need to pay off the balance the following month?

The 6% discount on the $300 camera is $18, so Rita’s purchase balance is $300 − $18 = $282. After she pays $80, $202 remains. The monthly interest rate is 15% ÷ 12 = 1.25%, so the next month’s payoff is $202 × 1.0125 = $204.525, which rounds to $204.53, choice B.

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