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.
