Last month, Kaitlin's average daily balance on her credit card was $1,329.81. The annual interest rate on that credit card is 17.83%. The minimum payment on that card is the interest charge ( | = B- •365 n) plus 3% of the ending balance or $25, which ever is larger. If there were 29 days in that month and the ending balance was $1,911.58, what would be the minimum payment that Kaitlin could make? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 89.65

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 6P
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Last month, Kaitlin's average daily balance on her credit card was $1,329.81. The annual interest
rate on that credit card is 17.83%. The minimum payment on that card is the interest charge (
= B
365
n) plus 3% of the ending balance or $25, which ever is larger. If there were 29 days in
that month and the ending balance was $1,911.58, what would be the minimum payment that
Kaitlin could make?
Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not
use a comma. Example: 89.65
Transcribed Image Text:Last month, Kaitlin's average daily balance on her credit card was $1,329.81. The annual interest rate on that credit card is 17.83%. The minimum payment on that card is the interest charge ( = B 365 n) plus 3% of the ending balance or $25, which ever is larger. If there were 29 days in that month and the ending balance was $1,911.58, what would be the minimum payment that Kaitlin could make? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 89.65
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