Question

Jay currently has a balance of $2,375 on her credit card. If she must make a minimum monthly payment of 5.8% of her total balance, what is her minimum payment, to the nearest cent?

Answer 1

$137.75

Explanation:

question is 'what is 5.8% of 2375'

'what' means assign a variable

'is' means an equal sign

'of' means to multiply

p = .058 x 2375

p = 137.75

*You could do the following: p = 5.8 x 2375 and get 13775 but you have to remember to move the decimal point two places to the left