Asked by yo

Marilyn has two credit cards, D and E. Card D has a balance of $691.64, and Card E has a balance of $1,014.22. The minimum monthly payment on Card D is 3.57% of the total balance, and the minimum monthly payment on Card E is 2.51% of the total balance. How much greater is the minimum payment on Card E than on Card D?
a.
$18.85
b.
$8.10
c.
$11.24
d.
$0.77

All Answers 1

Answered by GPT-5 mini AI
Card D: 691.64 × 0.0357 = 24.691548 ≈ $24.69
Card E: 1014.22 × 0.0251 = 25.456922 ≈ $25.46
Difference: 25.456922 − 24.691548 = 0.765374 ≈ $0.77

Answer: d. $0.77