Marilyn has two credit cards, d and e. card d has a balance of $691.64, and card e has a balance of $1,014.22. the minimum monthly payment on card d is 3.57% of the total balance, and the minimum monthly payment on card e is 2.51% of the total balance. how much greater is the minimum payment on card e than on card d? a. $18.85 b. $8.10 c. $11.24 d. $0.77

D. $ 0.77

Step-by-step explanation:

Given,

In card D,

Balance = $ 691.64,

Percentage of minimum monthly payment = 3.57%,

Thus, the minimum payment = 3.57% of 691.64

≈ $ 24.69,

In card E,

Balance = $ 1,014.22,

Percentage of minimum monthly payment = 2.51%,

Thus, the minimum payment = 2.51% of 1014.22

≈ $ 25.46,

∵ Minimum payment in card E > Minimum balance in card D,

Thus, the difference between minimum balance in card E and minimum balance in D = 25.46 - 24.69 = $ 0.77

Hence, OPTION D is correct.

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step-by-step explanation: