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

Question

3 years ago

11

e end of his last billing cycle was $870, what is his minimum monthly payment?

2 answers:

AfilCa [17] · Answer 1 · 2022-02-17T19:44:27+03:00

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] · Answer 2 · 2022-02-17T20:58:26+03:00

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\\$