Erica tomlinson‘s credit card company determines her minimum monthly payment by adding all new interest to 1% of the outstanding principal. the credit card company charges an interest rate of 0.04506% per day. on october 15, erica uses her credit card to purchase a custom set of wheels and tires for her car for $1700. she makes no other purchases or new interest during october. on november 1, instead of making the minimum payment, erica makes a payment of $500. assuming there are no additional charges or cash advances, determine erika’s minimum payment due on december 1.

a.$17
b.$37
c.$29
d.$25