Juanita's credit card has an apr of 22%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. her credit card record for the last 7 months is shown in the table
below.
new
end of
month
previous
balance
$0.00
$2700.00
$2693 50
$269101
$268652
$268204
$2677 57
charges
$27
3000
$0.00
50.00
$0.00
payment
recelved
3000
s5400
$33.91
353 82
$5373
$3364
$53 55
finance
charges
30.00
$19.50
$1942
$19.34
$49 25
$19 17
$4909
principal
pald
$0.00
$4.50
$4.49
$4.49
$448
$447
$446
new
balance
$2700.00
$2695 50
$269101
$268652
$268204
$2677 37
$2673 11
50 00
what is the total amount that juanita has made in payments over the 7
months?
o
o
a. $295.77
b. $26.89
o
c. $53,55