Question

A credit card company calculates its minimum monthly payment as 4% of the credit card balance or $30, whichever is greater. If Emile Fritz has a credit balance of $385.48, what is his minimum monthly payment (in dollars)?

Answer 1

Answer:

$30

Step-by-step explanation:

4% of 385.48

= 0.04(385.48)

= 15.4192

30 is greater the 15.4192,

Monthly payment would be $30