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