25.7k views
2 votes
Doug’s minimum payment is 1.5% of his new balance. His new balance is $616.00, what is his minimum payment?

A. $4.11
B. $9.24
C. $92.40
D. $41.07

User Mikke
by
8.7k points

2 Answers

7 votes
B or 9.24 is your answer.
I hope this helps!
User Lali
by
8.0k points
1 vote

Answer:

Option B
\$9.24

Explanation:

Let

x-------> the minimum payment

we know that

To find the minimum payment multiply
1.5\% in decimal form by the new balance


1.5\%=(1.5)/(100)=0.015

so


x=0.015(616.00)=\$9.24


User Piercy
by
8.8k points
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