Question 3 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r 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 $1,945.13, 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
Question 3 3 pts Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest rate on that credit card is 15.1%. The minimum payment on that card is the interest charge ( r 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 $1,945.13, 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
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question 3
Last month, Kaitlin's average daily balance on her credit card was $1,268.52. The annual interest
rate on that credit card is 15.1%. The minimum payment on that card is the interest charge (
r
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 $1,945.13, what would be the minimum payment that
Kaitlin could make?
3 pts
Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not
use a comma. Example: 89.65
Question 4
3 pts
Last month, Kaitlin's average daily balance on her credit card was $1,813.55. The annual interest
rate on that credit card is 17.25%. The minimum payment on that card is the interest charge (
1 = B.
n) plus 1% of the ending balance or $25, which ever is larger. If there were 30 days in
365
that month and the ending balance was $2,907.68, what would be the balance on her credit card
after she made that payment for that month?
Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not
use a comma. Example: 1289.65
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