Benjamin's credit card has an apr of 19%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. his credit card record for the last 7 months is shown in the table
below.
end of
principal
month
payment
received
50.00
paid
charges
50.00
$48.00
voorwn
previous
balance
$0.00
$2400.00
$2390.00
$2380.04
s2370 12
$2360 25
$2350.41
new
charges
$2400.00
so 00
50.00
$0.00
s0 00
547 80
$47.60
wong
50 00
$10.00
$9 96
992
balance
$2400.00
$2390 00
$2380 04
$2370 12
$2360 25
$2350.41
$2340.62
54740
50.00
$0.00
what is the total amount that benjamin has made in payments over the 7
months?
o
a. $225.64
o
b. $47.01
o
c. $59.38
od. $285.01