Answer:
I'm also having a little trouble with this. But you divide it into separate shapes first
What do u need help with?
Answer:
The minimum payment should she have is $ 6546.035
Step-by-step explanation:
Given as ;
Amount credit card balance = $12,300
The rate of interest = 13.45 %
The time period is 5 years
Let The principal be P
Now,
Amount = Principal × ![(1 + \frac{Rate}{100})^{Time}](https://tex.z-dn.net/?f=%281%20%2B%20%5Cfrac%7BRate%7D%7B100%7D%29%5E%7BTime%7D)
Or , $12,300 = p × ![(1 + \frac{13.45}{100})^{5}](https://tex.z-dn.net/?f=%281%20%2B%20%5Cfrac%7B13.45%7D%7B100%7D%29%5E%7B5%7D)
Or, $12,300 = p × ![(1.1345)^{5}](https://tex.z-dn.net/?f=%281.1345%29%5E%7B5%7D)
∴ p = ![\frac{12,300}{1.879}](https://tex.z-dn.net/?f=%5Cfrac%7B12%2C300%7D%7B1.879%7D)
Or, P = $ 6546.035
Hence The minimum payment should she have is $ 6546.035 Answer
it's position i think it's D. The hundred-thousands place