Math word problem

Question

I have a credit card with the balance of $5,000. The APR on the card is 18%. What is the minimum I can pay monthly? 

Answer 1

Sorry about the triple Commentation...something peculiar occurred at my keyboard.

 

It is desirable to pay off as much as possible as soon as possible, to avoid EXORBITANT charges.

 

The monthly statements generally contain information about the MINIMUM payment due.

Not paying off expeditiously can run up your lifetime payouts alarmingly.

Answer 2

5000(.18) = $900