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23-02-2020
Mathematics

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A credit card company calculates its minimum monthly payment as 4% of the credit card balance or $30, whichever is greater. If Emile Fritz has a credit balance of $385.48, what is his minimum monthly payment (in dollars)?

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amna04352 amna04352

23-02-2020

Answer:

$30

Step-by-step explanation:

4% of 385.48

= 0.04(385.48)

= 15.4192

30 is greater the 15.4192,

Monthly payment would be $30

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