Solve the problem.
-Hamlet has a credit card balance of $\$ 4146.77$ with an annual percentage rate of $21.9 \%$. His card requires a minimum payment of $2 \%$ of the total balance. What is his minimum payment?
A) $\$ 908.14$
B) $\$ 21.90$
C) $\$ 82.94$
D) $\$ 829.35$

Question

Quizplus · Accepted Answer

The minimum payment is calculated as 2% of the total balance, which is $2\% \times \$4146.77 = 0.02 \times 4146.77 = \$82.9354$, rounded to \$82.94.

Solve the Problem $4146.77\$ 4146.77$4146.77 With an Annual Percentage Rate Of 21.9%21.9 \%21.9%

Solve the Problem $\$ 4146.77$ With an Annual Percentage Rate Of $21.9 \%$