7. Wally World Department store charges interest to cardholders. If the balance is not paid, the cardholder must pay a 5% minimum payment of the ending balance or $10, whichever is greater. Find the...


7. Wally World Department store charges interest to cardholders. If the balance is not paid, the<br>cardholder must pay a 5% minimum payment of the ending balance or $10, whichever is<br>greater. Find the minimum payment for the following:<br>a) Previous balance of $420.27; payment made of $375.24; purchases of $45.89;<br>interest of $20.45.<br>b) Previous balance of $546.87; payment made of $46.87; purchases of $124.00:<br>interest of $21.84.<br>

Extracted text: 7. Wally World Department store charges interest to cardholders. If the balance is not paid, the cardholder must pay a 5% minimum payment of the ending balance or $10, whichever is greater. Find the minimum payment for the following: a) Previous balance of $420.27; payment made of $375.24; purchases of $45.89; interest of $20.45. b) Previous balance of $546.87; payment made of $46.87; purchases of $124.00: interest of $21.84.

Jun 11, 2022
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