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Suppose the minimum monthly payment on your credit card is the higher of 2% or $10, and your balance at the end of the month is $7200. What is the minimum amount you owe? $10 $7…

Suppose the minimum monthly payment on your credit card is the higher of 2% or $10, and your balance at the end of the month is $7200. What is the minimum amount you owe? $10 $7…
asked 137k views
3 votes
Suppose the minimum monthly payment on your credit card is the higher of 2% or $10, and your balance at the end of the month is $7200. What is the minimum amount you owe?

$10
$72
$144
$720

asked
User Wuerfelfreak
by
8.2k points

1 Answer

4 votes
2% of 7200 is 72 so the second choice is your answer

answered
User Leodriesch
by
8.0k points
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