Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. If Darryl currently owes $1,431.72, what is his minimum payment, to the nearest cent?

Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance.
Darryl currently owes $1,431.72. Let's solve his minimum payment.
=> 1,431.72 * 0.0251 = 35.94 dollars
=> 1,431.72 + 35.94 dollars = 1467.656172 or 1467.7 dollars.

Answer Link

ApusApus ApusApus · Answer 2 · 2019-02-21T11:56:50+01:00

Answer:

$35.94.

Step-by-step explanation:

We have been given that Darryl’s credit card has a minimum monthly payment of 2.51% of the card’s balance. Darryl currently owes $1,431.72.

To find the minimum payment we will have to calculate 2.51% of $1431.72.

[tex]\text{Minimum monthly payment}=\frac{2.51}{100}\times\$1,431.72[/tex]

[tex]\text{Minimum monthly payment}=0.0251\times\$1,431.72[/tex]

[tex]\text{Minimum monthly payment}=\$35.936172[/tex]

Upon rounding our answer to nearest cent we will get,

[tex]\text{Minimum monthly payment}\approx \$35.94[/tex]

Therefore, the minimum monthly payment to the nearest cent will be approximately $35.94.