Question 8 (4 points) Use the details of Pamela's new credit card to answer the question that follows.
APR
18.7% compounded monthly
Grace Period 30 days
Minimum Payment 3.5% of the remaining balance or $30, whichever is higher
Pamela charged $925 to her credit card last month. What is the first minimum payment she must make? (4 points)
O a $92.50
Ob $172.98
с
$32.38
O d
$30.00
Question 9 (4 points)
In which situation would it be better to use a credit card instead of cash? (4 points)
Оа
going out to dinner
Look