Sarah is sick of lockdown and indulges herself in online shopping spree. She spends $3,000 on her credit card. She is cash-strapped and can only afford to make the monthly minimum repayment (maximum of $25 and 2.5% of balance outstanding). The interest rate on the credit card is 20% pa (compounded monthly). Of her first monthly minimum repayment, how much goes towards paying down her balance?

Group of answer choices

$0

$25

$75

$50