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?
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.