Question

The minimum monthly payment for Janice’s credit card is 2% of her balance or $10, whichever is higher. If Janice’s balance at the end of her last billing cycle was $820, what is her minimum monthly payment?

A) $16.40
B) $10.00
C) $25.20
D) $5.20

Answer 1

$16.40 *apex answer*

Answer 2

820*.02=16.4
correct answer is A) $16.40