A. $24.28 B. $30.35 C. $20.23 D. $16.19
1 answer:
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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
All the equivalent fractions.
I'm fairly certain that's correct but check again if you need to and please, correct me if I got something wrong.
