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

Question

2 years ago

9

t the end of her last billing cycle was $1550, what is her minimum monthly payment?

2 answers:

ArbitrLikvidat [17] · Answer 1 · 2022-01-17T03:47:26+03:00

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] · Answer 2 · 2022-01-17T01:24:55+03:00

6 0

$1550x.025= 38.75
Answer: 38.75