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

Algebra ->  Finance -> 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      Log On


   

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) About Me  (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.