Answer:
$2,385.75
Step-by-step explanation:
The computation of the balance left that offer the same deal is shown below:
Let us assume the required balance be P
Now the equation for the credit card A is
[tex]P (1 + \frac{0.222}{12}^{12}) + \$50[/tex]
And, the equation for the credit card B is
[tex]P (1 + \frac{0.239}{12})^{12}[/tex]
Now equate these two equations which are as follows
[tex]P (1 + \frac{0.222}{12})^{12} + \$50 = P (1 + \frac{0.239}{12})^{12}[/tex]
1.246041193 P + $50 = 1.266998979 P
After solving this, the P value is $2,385.75
