SOLUTION: Find the minimum payment on an unpaid balance of $1,017.17. Assume that the minimum payment on a credit card is the greater of $11 or 3% of the unpaid balance.
Round to the nea
Question 1182566: Find the minimum payment on an unpaid balance of $1,017.17. Assume that the minimum payment on a credit card is the greater of $11 or 3% of the unpaid balance.
Round to the nearest cent as needed. Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website! .
3% of $1.017.17 is 0.03*1017.17 = 30.51.
Next, we select the greater amount of $11 and $30.51,
and we get the ANSWER in this way.