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has an APR of 19%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase.
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 Previous New Payment Finance Principal New month balance charges received charges paid balance 1 $0.00 $2400.00 $0.00 $0.00 $0.00 $2400.00 234567 $2400.00 $0.00 $48.00 $38.00 $10.00 $2390.00 $2390.00 $0.00 $47.80 $37.84 $9.96 $2380.04 $2380.04 $0.00 $47.60 $37.68 $9.92 $2370.12 $2370.12 $0.00 $47.40 $37.53 $9.88 $2360.25 $2360.25 $0.00 $47.20 $37.37 $9.83 $2350.41 $2350.41 $0.00 $47.01 $37.21 $9.79 $2340.62 What is the total amount that Benjamin has made in payments over the 7 months? A. $285.02 B. $47.01 C. $59.38 D. $225.64
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