Answered

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Amar owes $2,000 on his credit card with a minimum percentage of 4% or a minimum payment of $60, whichever is higher. How much is the minimum payment due

Sagot :

abiolataiwo2015

Based on the information given the minimum balance that is due is $80.

Minimum balance

Using this formula

Minimum balance=Credit card amount ×Minimum percentage

Where:

Credit card amount=$2,000

Minimum percentage=4%

Let plug in the formula

Minimum balance=$2,000×4%

Minimum balance=$80

Inconclusion the minimum balance that is due is $80.

Learn more about minimum balance here:https://brainly.com/question/24274034

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