Arthur has an april credit card balance of $325.24. his repayment date is the 25th of every month, with a grace period of 5 days. if his payment is late, the credit card company charges him a $25 late fee. arthur wants to repay the full amount to have a zero balance. how much should arthur pay if his online payment is processed on may 1?

Arthur has to pay $350.24

Step-by-step explanation:

Arthur has an April credit card balance of $325.24 and his repayment date is the 25th of every month with a grace period of 5 days.

On being late credit card company charges $25 as a lat fees.

Now Arthur has to repay the full amount in 25+5 days Or 30th of April.

Since Arthur has repaid on 1st May that means he is late by one day. Now company will charge $25 as a late fees.

So total repayment amount will be = Card balance+late fees

                                                          = $325.24 + $25

                                                          = $ 350.24

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step-by-step explanation:

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