Question

Dawn's credit card company charges 2.5% per month, for any unpaid amount. For the month, Dawn purchased $650.00 worth of goods and services. If she pays a minimum of $50.00 What is the remaining balance?

i need help asap

Answer 1

$615

Step-by-step explanation:

The interest rate on Dawn's credit card is 2.5%

Purchases for the month are $650.

Payments made in the month is $50.

Balance will be

Purchases balance and the interest on the credit card

Purchase balance : $650-$50 = $600

Interest for the month

=2.5% x 600

=0.025 x 600

=$15

Balance will be $600 + $15= $615