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Last month, Kaitlin's average daily balance on her credit card was $1,330.74. The annual interest rate on that credit card is 16.65%. The minimum payment
Last month, Kaitlin's average daily balance on her credit card was $1,330.74. The annual interest rate on that credit card is 16.65%. The minimum payment on that card is the interest charge ( I=B365rn ) plus 3% of the ending balance or $25, which ever is larger. If there were 29 days in that month and the ending balance was $1,870.05, what would be the minimum payment that Kaitlin could make? Round your answer to the nearest penny. Input the number. Do not input the dollar sign. Do not use a comma. Example: 89.65
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