Answer:
Step-by-step explanation:
I'm sorry forgot how to exactly solve it
Answer:
$31.80
Step-by-step explanation:
<u><em>The complete question is</em></u>
Use the details of Oakley's new credit card to answer the question that follows. APR 11.9% compounded monthly Grace Period 28 days Minimum Payment 4% of the remaining balance or $25, whichever is higher Oakley charged $795 to his credit card last month. What is the first minimum payment he must make?
step 1
Find out the 4% of the balance of $795

so

This amount is higher than $25,
therefore
The first minimum payment he must make is $31.80
Answer:
1484/25 is 59.36 as a fraction
82.2
Add all of them up and then divide by 10.
812.30/83 = 9.78674698.....
Nearest tenth means one number under decimal place so...
812.30/83 ~ 9.8
Explanation: The 9.7... rounded up to 9.8 because the number after the tenths place (in this case the number after the 7) is greater or equal to 5.