Last month, Kaitlin's average daily balance on her credit card was $1,967.44. The annual interest rate on that credit card is 16.77%. The minimum payment on that card is the interest charge ( /= B -...


Last month, Kaitlin's average daily balance on her credit card was $1,967.44. The<br>annual interest rate on that credit card is 16.77%. The minimum payment on that card<br>is the interest charge ( /= B -<br>n) plus 3% of the ending balance or $25, which<br>365<br>ever is larger. If there were 31 days in that month and the ending balance was<br>$2,581.05, what would be the balance on her credit card after she made that payment<br>for that month?<br>Round your answer to the nearest penny. Input the number. Do not input the dollar<br>sign. Do not use a comma. Example: 1289.65<br>

Extracted text: Last month, Kaitlin's average daily balance on her credit card was $1,967.44. The annual interest rate on that credit card is 16.77%. The minimum payment on that card is the interest charge ( /= B - n) plus 3% of the ending balance or $25, which 365 ever is larger. If there were 31 days in that month and the ending balance was $2,581.05, what would be the balance on her credit card after she made that payment for that month? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 1289.65

Jun 02, 2022
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