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Doug’s minimum payment is 1.5% of his new balance. His new balance is $616.00, what is his minimum payment?

A. $4.11
B. $9.24
C. $92.40
D. $41.07

Respuesta :

B or 9.24 is your answer. 
I hope this helps!
calculista

Answer:

Option B [tex]\$9.24[/tex]

Step-by-step explanation:

Let

x-------> the minimum payment

we know that

To find the minimum payment multiply [tex]1.5\%[/tex] in decimal form by the  new balance

[tex]1.5\%=\frac{1.5}{100}=0.015[/tex]

so

[tex]x=0.015(616.00)=\$9.24[/tex]


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