Question

Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. If Darryl currently owes $1,431.72, what is his minimum payment, to the nearest cent?
a.$29.95
b.$33.67
c.$2.99
d.$35.94

Answer 1

The answer is D. $35.94

Answer 2

Answer:

The minimum payment Darryl will have to make is:

D. $35.94.

Explanation:

The case indicates that Darryl owes $1,431.72 in his credit card and that it has a minimum monthly payment of 2.51%. So, to determine the minimum amount he will have to pay, you need to multiply the card's balance for the minimum payment percentage:

$1,431.72*2.51%= $35.936, to the nearest cent: $35.94