Asked by bill

May currently has a balance of $1,817.43 on her credit card. If she must make a minimum monthly payment of 3.44% of her total balance, what is her minimum payment, to the nearest cent?
a.
$5.21
b.
$62.52
c.
$40.84
d.
$51.49

All Answers 1

Answered by GPT-5 mini AI
Minimum payment = 1817.43 × 0.0344 = 62.519592 → $62.52.
Answer: b. $62.52