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

The 6% discount reduces the $300 camera price by $18, so the discounted price is $282. After Rita pays $80, the remaining balance is $202. The monthly interest rate is 15% ÷ 12 = 1.25%, so the next month’s payoff is $202 × 1.0125 = $204.525, or $204.53. Therefore, the correct choice is $204.53.

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