Question

Question 3 of 10

The minimum monthly payment for Janet's credit card is 2% of her balance or
$10, whichever is higher. If Janet's balance at the end of her last billing cycle
was $760, what is her minimum monthly payment?
A. $10.00
O B. $5.20
C. $25.20
OD. $15.20

Answer 1

The correct answer is: Option 15.20

Step-by-step explanation:
At the end of her last billing the amount = $760

The minimum monthly payment of Janet's card is 2%.

To find the monthly payment, we need to find the 2% of $760.

Therefore,
$760 * 2 / 100 = $15.20 > $10