Janice's credit card company has a $35 annual membership fee applied in August every year. Janice usually pays off her balance in full every month before the due date. In July, Janice made a purchase of $65 on her credit card. When she received her August credit card statement, she was able to pay the $20 minimum payment before the due date. How much balance will show up on Janice's credit card the following month if the introductory APR is 0% and the late fee is $25?
$80
$60
$55
$75

Question

Janice's credit card company has a $35 annual membership fee applied in August every year. Janice usually pays off her balance in full every month before the due date. In July, Janice made a purchase of $65 on her credit card. When she received her August credit card statement, she was able to pay the $20 minimum payment before the due date. How much balance will show up on Janice's credit card the following month if the introductory APR is 0% and the late fee is $25?
$80
$60
$55
$75