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The minimum monthly payment for Jason's credit card is 2% of his balance or $20, whichever is higher. If Jason's balance at the end of his last billing cycle was $1510, what is his minimum monthly payment?
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The minimum monthly payment for Jason's credit card is 2% of his balance or $20, whichever is higher. If Jason's balance at the end of his last billing cycle was $1510, what is his minimum monthly payment?

User LaurentY
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1 Answer

4 votes
1510*0.02=$30.20 which is larger than $20.00. 2%= 0.02
User Sergey Sahakyan
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