Question

Brandi's new balance on her credit card statement was $256.38.

How much is her minimum payment if it must be 15 percent of the balance?
o
$45.54
o
$38.46
o $34.55
o
$25.00

Answer 1

$38.46

Explanation:

Minimum payment = 15% of balance

Balance = $256.38

Therefore

15% of $256.38

Change 15% to decimal

15% /100% x $256.38

0.15 x $256.38

$38.46

Her minimum payment is $38.46