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Home Q & A Board Science-Related Homework Help Mathematics
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ikrabbe ikrabbe
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6 years ago
Bana received Scotiabank American Express (Amex) gold card, where the interest is charged at 18.9% per annum. The bill is issued on 16th of every month and is due on 4th of next month. She used her Amex card for the following transactions in the month of July:

July 1   Purchased some fireworks for Canada Day for a total of $67.35
July 4   Across the US border, took a cash advance worth $124.79 Canadian
July 10   Booked a return flight to Calgary for $587
July 15   Purchased some food at the airport for $12.97

The minimum payment due is greater of $10 or 2% of the outstanding balance. She intends to pay the balance in full on the 29th of July. How much must she pay?
A) $667.32
B) $792.11
C) $124.79
D) $793.73
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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6 years ago
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