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

Question

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

anonymous · Answer

http://media.apexlearning.com/Images/201105/17/f4fb811e-92e4-4e36-b399-dfc6d764b4ab.gif

anonymous · Answer

D.  285.02