Zotes
francisco's credit card has an apr of 13%, calculated on the previous
monthly balance, and a minimum payment of 2%, starting the month after the
first purchase. his credit card record for the last 7 months is shown in the
table below.
end of previous new payment finance principal now
month balance charges received charges pold balance
$0.00 35200.00 $0.00 $0.00 $0.00 35200.00
$5200.00
50.00
$104.00 556.33 $47 67 $5152 33
55152 33 50.00 5103 05 555.82 $47 23 55105 10
55105 10 50.00 $102.10 $55 31 $46.80 $5058.31
55058 31 50.00 $101.17
$46.37 $5011.94
55011.94
$100.24
545 94 54966.00
$4966.00
$99 32 $53.80 $45 52 $4920 47
$54 b6
50.00
$54 30
5000
how much of the $5200 charge that francisco made during the first month
has been paid off?
o a. $330.35
o b. $45.52
o c. $609.87
o d. $279,53