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djverab [1.8K]
3 years ago
9

Arthur has an April credit card balance of $325.24. His repayment date is the 25th of every month, with a grace period of 5 days

. If his payment is late, the credit card company charges him a $25 late fee. Arthur wants to repay the full amount to have a zero balance. How much should Arthur pay if his online payment is processed on May 1?
Mathematics
2 answers:
Leviafan [203]3 years ago
8 0
Its c i just did the question
dybincka [34]3 years ago
8 0

Answer:

Arthur has to pay $350.24

Step-by-step explanation:

Arthur has an April credit card balance of $325.24 and his repayment date is the 25th of every month with a grace period of 5 days.

On being late credit card company charges $25 as a lat fees.

Now Arthur has to repay the full amount in 25+5 days Or 30th of April.

Since Arthur has repaid on 1st May that means he is late by one day. Now company will charge $25 as a late fees.

So total repayment amount will be = Card balance+late fees

                                                          = $325.24 + $25

                                                          = $ 350.24

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