Question

Marilyn has two credit cards, D and E. Card D has a balance of $691. 64, and Card E has a balance of $1,014. 22. The minimum monthly payment on Card D is 3. 57% of the total balance, and the minimum monthly payment on Card E is 2. 51% of the total balance. How much greater is the minimum payment on Card E than on Card D? a. $18. 85 b. $8. 10 c. $11. 24 d. $0. 77 Please select the best answer from the choices provided A B C D.

Answer 1

By using basic concept of percentage we got that minimum payment on Card E is 0.77 than on Card D.

What is percentage ?

Percentage is a number or ratio expressed as a fraction of 100.

Here given that

Marilyn has two credit cards, D and E. Card D has a balance of $691. 64, and Card E has a balance of $1,014. 22. The minimum monthly payment on Card D is 3. 57% of the total balance, and the minimum monthly payment on Card E is 2. 51% of the total balance

So minimum balance of Card D is 3.57 Percentage  of $ 691.64

$=3.54\times\frac{691.64}{100} =24.691548=24.69$

minimum balance of Card E is  2. 51 Percentage  of  $1,014. 22.

$=2.51\times\frac{1014.22}{100} =25.456922=25.46$

Now we can see that minimum balance of Card E is 25.49-24.69=0.77 extra that on D

By using basic concept of percentage we got that minimum payment on Card E is 0.77 than on Card D.

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