math

posted by .

most credit cards require that you pay a minimum monthly payment of 2% of the balance. Based upon a balance of $5,270.00 what would the minimum payment be?

  • math -

    P = 0.02 * 5270.00

  • math -

    105.4

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    When Beth finishes college, she has a balance of $2876.37 on a credit card with an annual percentage rate (APR) of 17.3%. She decides not to make any additional purchases with her card until she has paid off the balance. Assuming the …
  2. math

    your credit card balance is $1150 and the minimum monthly payment required is 3%. what is the minimum amount you must pay this month?
  3. consumer math

    1. Which of the following is an advantage of using credit cards?
  4. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead …
  5. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead …
  6. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest …
  7. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest …
  8. Computer science

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest …
  9. Math

    Most credit cards require that you pay a minimum monthly payment of 2% of the balance. based upon a balance of $5,270.00, what would be the minimum monthly payment.
  10. College Algebra

    You have a credit card with a balance of $3000. Each month the minimum payment is 2.5% of the balance. The monthly interest rate is 1.5% of the balance. You decide you would like to pay off this card by making the minimum payment each …

More Similar Questions