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1 October, 22:07

Benjamin's credit card has an APR of 19%, 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.

What is the total amount that Benjamin has made in payments over the 7 months?

A. $225.64

B. $59.38

C. $47.01

D. $285.02

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Answers (1)
  1. 1 October, 22:34
    0
    Total amount in payments = 48 + 47.80 + 47.60 + 47.40 + 47.20 + 47.01 = 285.01

    Option D is the right answer.
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