Answer:
$31.80
Step-by-step explanation:
<u><em>The complete question is</em></u>
Use the details of Oakley's new credit card to answer the question that follows. APR 11.9% compounded monthly Grace Period 28 days Minimum Payment 4% of the remaining balance or $25, whichever is higher Oakley charged $795 to his credit card last month. What is the first minimum payment he must make?
step 1
Find out the 4% of the balance of $795

so

This amount is higher than $25,
therefore
The first minimum payment he must make is $31.80
i believe that the answer is b (but it could be c) pls consider what the other person that answers it says
Answer:
8.5 * 10^-3
Step-by-step explanation:
Substitute
12(3) + (52)
12(3) = 36
36 + 52 = 88
0.06 is 10 times 0.006; 0.06 = 10 * 0.006
You can find this by solving 0.06/10 = 0.006