Question

Marian's new balance on her credit card statement is $148.73. If her minimum payment is 12 percent of the balance, what must she pay?

Answer 1

17.85

Explanation:

Answer 2

To determine the minimum amount that Marian should pay for her credit card, multiply the new balance on her credit card with the percentage given. This is shown below.

m = ($148.73) x 0.12 = $17.8476

Thus, Marian's minimum payment is approximately $17.85.