Question:
Lucy has an unpaid balance of $1200 on her credit card. The
Last updated: 7/19/2022
Lucy has an unpaid balance of $1200 on her credit card. The credit card company requires a minimum payment of 4.5% and charges an annual interest rate of 30%. Calculate Lucy's minimum payment, the amount of interest paid that month, and her unpaid balance. Round each to the nearest cent. The minimum payment is $ The amount of interest paid is $ The unpaid balance is $