The minimum monthly payment for Anita's credit card is 2% of her balance or $10, whichever is greater. If Anita's balance at the
end of her last billing cycle was $360, what is her minimum monthly payment?
A. $17.20
B. $2.80
C. $10.00
D. $7.20
1 answer:
Answer:
C. $10.00
Step-by-step explanation:
She has to pay which ever is greater.
To get whichever is greater you need to check what 2% of her last billing cycle. That would be done by multiplying .02 and 360. That equals $7.20.
10>7.20 and therefore the answer would be 10 dollars aka C.
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