Last month, Kaitlin's average daily balance on her credit card was $1,253.38. The annual interest rate on that credit card is 15.27%. The minimum payment on that card is the interest charge ( 1= B- n)...


Last month, Kaitlin's average daily balance on her credit card was $1,253.38. The annual interest<br>rate on that credit card is 15.27%. The minimum payment on that card is the interest charge (<br>1= B-<br>n) plus 2% of the ending balance or $25, which ever is larger. If there were 31 days in<br>365<br>that month and the ending balance was $1,900.25, what would be the minimum payment that<br>Kaitlin could make?<br>Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not<br>use a comma. Example: 89.65<br>

Extracted text: Last month, Kaitlin's average daily balance on her credit card was $1,253.38. The annual interest rate on that credit card is 15.27%. The minimum payment on that card is the interest charge ( 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 $1,900.25, 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

Jun 11, 2022
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