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Question 3 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r n) plus 2% of the ending balance or $25, which ever is larger. If there were 31 days in 365 that month and the ending balance was $1,945.13, 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

Question 3 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r n) plus 2% of the ending balance or $25, which ever is larger. If there were 31 days in 365 that month and the ending balance was $1,945.13, 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 & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.2: Applied Problems
Problem 10E
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D Question 3 Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r 1= B- n) plus 2% of the ending balance or $25, which ever is larger. If there were 31 days in 365 that month and the ending balance was $1,945.13, what would be the minimum payment that Kaitlin could make? 3 pts Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 89.65 Question 4 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,813.55. The annual interest rate on that credit card is 17.25%. The minimum payment on that card is the interest charge ( 1 = B. n) plus 1% of the ending balance or $25, which ever is larger. If there were 30 days in 365 that month and the ending balance was $2,907.68, what would be the balance on her credit card after she made that payment for that month? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 1289.65 70°F Partly sunny
Transcribed Image Text:D Question 3 Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r 1= B- n) plus 2% of the ending balance or $25, which ever is larger. If there were 31 days in 365 that month and the ending balance was $1,945.13, what would be the minimum payment that Kaitlin could make? 3 pts Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 89.65 Question 4 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,813.55. The annual interest rate on that credit card is 17.25%. The minimum payment on that card is the interest charge ( 1 = B. n) plus 1% of the ending balance or $25, which ever is larger. If there were 30 days in 365 that month and the ending balance was $2,907.68, what would be the balance on her credit card after she made that payment for that month? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 1289.65 70°F Partly sunny
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