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5. Carmen's credit card company charges her 21.90% interest per annum on her card. She started the month of July with a balance of
5. Carmen's credit card company charges her 21.90% interest per annum on her card. She started the month of July with a balance of $0.00. During the month of July, she made the following purchases: July 1: Tom's House of Pizza- $43.75 July 5: Petra's Petro fuel- $34.00 July 14: Strype's Saveway groceries-$126.78 July 19: Skillet's drive-thru- $23.47king a July 26: U2 concert tickets- $156.00 Carmen decides to pay only the minimum payment for July, which is 5% of the balance or $25.00, whichever is greater. a) What is the total amount due on her end-of-July statement, prior to her payment? b) After her payment, how much will Carmen still owe? c) If she makes no further payments, how much will Carmen owe after Aug. 26?
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