The minimum monthly payment for Andrew's credit card is 2% of his balance or $20, whichever is higher. If Andrew's balance at the end of his last billing cycle was $870, what is his minimum monthly payment?

Answers (1)
  1. Rmoni
    Hi there

    2%=0.02

    2% of 870

    0.02*870=17.4

    whichever is higher

    20 is higher than 2%

    So the minimum monthly payment is

    20

    Good luck!
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