Solve the problem.Cordelia has a credit card balance of $5261.18 with an annual percentage rate of 13.6%. Her card requires a minimum payment of 2% of the total balance. If she pays only the minimum payment, what amount of the minimum payment is applied to the principal? (Assume that interest is compounded monthly.)

A. $45.59
B. $59.63
C. $13.60
D. $105.22


Answer: A

Mathematics

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B.

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D.

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C.
 
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A.  
B.  
C.  
D.

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