kaleb115
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Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. If Darryl currently owes $1,431.72, what is his minimum payment, to the nearest cent?

Verified Answer :

Hagrid

Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance.
Darryl currently owes $1,431.72. Let's solve his minimum payment.
=> 1,431.72 * 0.0251 = 35.94 dollars
=> 1,431.72 + 35.94 dollars = 1467.656172 or 1467.7 dollars.

Answer:

$35.94.

Step-by-step explanation:

We have been given that Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. Darryl currently owes $1,431.72.

To find the minimum payment we will have to calculate 2.51% of $1431.72.

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Upon rounding our answer to nearest cent we will get,

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Therefore, the minimum monthly payment to the nearest cent will be approximately $35.94.

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