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kari74 [83]
2 years ago
4

The minimum monthly payment for Leland's credit card is 2.5% of his balance or $30, which ever is higher. if Leland's balance at

the end of his last billing cycle was $950, what is his minimum monthly payment?
A. $53.75
B. $30.00
C. $6.25
D.$23.75
Mathematics
2 answers:
ioda2 years ago
6 0

Answer:

Option B. $30.00

Step-by-step explanation:

The minimum monthly payment for Leland's credit card is 2.5% of his balance or $30, whichever  is higher.

Leland's balance at the end of his last billing cycle was = $950

Now first we will calculate 2.5% of $950

= \frac{25}{100} × 950

= 0.25 × 950 = $23.75 < $30

$30 is higher than 2.5% of his last billing, So his minimum monthly payment would be $30.

BaLLatris [955]2 years ago
3 0
D. $23.75

Change 2.5% to a decimal, 0.025, and multiply by $950
950x0.025= $23.75
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