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olga nikolaevna [1]
3 years ago
9

The minimum monthly payment for adeline's credit card is 2.5% of her balance or $30, whichever is higher. if adeline's balance a

t the end of her last billing cycle was $1550, what is her minimum monthly payment?
Mathematics
2 answers:
ArbitrLikvidat [17]3 years ago
7 0

Answer:

Minimum monthly payment will be $38.75\\

Step-by-step explanation:

Minimum monthly payment at the rate of 2.5\\ %

= \frac{2.5}{100} * 1550\\= 38.75\\

Out of $30 or $38.75\\, $38.75\\ is large, thus it will be the minimum monthly payment.

madreJ [45]3 years ago
6 0
$1550x.025= 38.75 
Answer: 38.75
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