Find the minimum payment on an unpaid balance of 671.96$. Assume that the minimum payment on a credit card is the greater of 23$ or 2% of the unpaid balance.

Question

Find the minimum payment on an unpaid balance of 671.96​$. Assume that the minimum payment on a credit card is the greater of ​23$ or ​2% of the unpaid balance.

GPT 3.5 · Answer

To find the minimum payment on the unpaid balance of $671.96, we need to take 2% of the balance and compare it to $23.

2% of $671.96 = (2/100) * $671.96 = $13.4392

The minimum payment is the greater of $13.4392 or $23, so the minimum payment is $23.

Find the minimum payment on an unpaid balance of 671.96​$. Assume that the minimum payment on a credit card is the greater of ​23$ or ​2% of the unpaid balance.

Find the minimum payment on an unpaid balance of 671.96$. Assume that the minimum payment on a credit card is the greater of 23$ or 2% of the unpaid balance.