Question

Doug’s minimum payment is 1.5% of his new balance. His new balance is $616.00, what is his minimum payment?

Answer 1

B or 9.24 is your answer. 
I hope this helps!

Answer 2

Answer:

Option B $\ 9.24$

Step-by-step explanation:

Let

x-------> the minimum payment

we know that

To find the minimum payment multiply $1.5\%$ in decimal form by the  new balance

$1.5\%=\frac{1.5}{100}=0.015$

so

$x=0.015(616.00)=\ 9.24$