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PtichkaEL [24]
3 years ago
11

The minimum monthly payment for Andrew's credit card is 2% of his balance or $20, whichever is higher. If Andrew's balance at th

e end of his last billing cycle was $870, what is his minimum monthly payment?
Mathematics
2 answers:
AfilCa [17]3 years ago
5 0
Hi there

2%=0.02

2% of 870

0.02×870=17.4
whichever is higher
20 is higher than 2%

So the minimum monthly payment is
20

Good luck!
DochEvi [55]3 years ago
3 0

Answer:

$ $ 20\\

Step-by-step explanation:

The minimum monthly payment at the rate of 2 \\ %

= \frac{2}{100} * 870\\= 17.4\\

Thus, the minimum monthly payment would be

$ $ 20\\

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