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The minimum monthly payment for Janice’s credit card is 2% of her balance or $10, whichever is higher. If Janice’s balance at the end of her last billing cycle was $820, what is her minimum monthly payment?
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The minimum monthly payment for Janice’s credit card is 2% of her balance or $10, whichever is higher. If Janice’s balance at the end of her last billing cycle was $820, what is her minimum monthly payment?

A) $16.40
B) $10.00
C) $25.20
D) $5.20

User Aelgn
by
5.7k points

2 Answers

4 votes
$16.40 *apex answer*

User Swapnil Patwa
by
6.6k points
2 votes
820*.02=16.4
correct answer is A) $16.40
User Zythyr
by
6.5k points
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