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Shing Shen Chern's credit card company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principal The credit card
Shing Shen Chern's credit card company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principal The credit card company charges an interest rate of 0.041886% per day On March 13, Shiing uses his credit card to purchase airline tickets for his family for $2300. He makes no other purchases during March Use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below Incor 0 a) Assuming Shing had no new Interest, determine Shing's minimum payment due on April 1. his billing date Shing's minimum payment due on April 1 is $ 27
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