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Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his account?
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27 votes
27 votes
Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his account?

User Hamid Yusifli
by
2.6k points

2 Answers

10 votes
10 votes

Answer:

160$

Step-by-step explanation:

User Ziga Petek
by
3.1k points
8 votes
8 votes

Answer:

$1,000

Step-by-step explanation:

User Shyam Habarakada
by
3.0k points
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