Question

Connie has two credit cards, u and v. card u has a balance of $414.55, and card v has a balance of $751.81. the minimum monthly payment on card u is 2.82% of the balance, and the minimum monthly payment on card v is 3.09% of the total balance. how much greater is the minimum payment on card v than on card u? a. $8.70 b. $10.73 c. $9.51 d. $11.54 please select the best answer from the choices provided a b c d

Answer 1

The minimum payment of card u of Connie is $11.54 is greater than the minimum payment of credit cart v.

What is percentage ?

Percentage of a number is the part of the number expressed in the in every hundred. Percentage of a number is expressed with the symbol '%'.

Connie has two credit cards, u and v. The card u has a balance of $414.55 and the minimum monthly payment on card u is 2.82% of the balance. Thus, the minimum payment for card u is,

$P_u=\dfrac{2.82}{100}\times414.55\\P_u=11.69$

Card v has a balance of $751.81 and the minimum monthly payment on card v is 3.09% of the total balance. Thus, the minimum payment for card v is,

$P_v=\dfrac{3.09}{100}\times751.81\\P_v=23.23$

The difference between the minimum payment of both the cards is,

$d=23.23-11.69\\d=11.54$

Thus, the minimum payment of card u of Connie is $11.54 is greater than the minimum payment of credit cart v.

Learn more about the percentage here;

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Answer 2

Answer:

D

Step-by-step explanation: