Elizabeth's minimum monthly payment on her credit card is the higher of 2.5% or $12. If her balance at the end of the month is $5800, what is the minimum
amount Elizabeth must pay to keep her account in good standing?
O A. $25
O B. $12
OC. $45
O D. $580

$145

Explanation:

Minimum monthly payment at the rate of 2.5%

= 2.5/100 × $5,800

=$145

Between $12 & $145,

$145 is higher hence will be the minimum amount Elizabeth must pay to keep her account in good standing.

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