Question

Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. If Darryl currently owes $1,431.72, what is his minimum payment, to the nearest cent?
a.
$29.95
b.
$33.67
c.
$2.99
d.
$35.94

Answer 1

Minimum = 2.51% of \$1,431.72 = 0.0251 × 1431.72 = \$35.936172 ≈ \$35.94.
Answer: d.