Answer:
Alicia's minimum monthly payment is $10.
Step-by-step explanation:
Given is :
Alicia's balance at the end of her last billing cycle was $470. So, its 2 % becomes:
[tex]\frac{2}{100} \times470[/tex] = $9.40
As it is stated that the minimum monthly payment for Alicia's credit card is 2% of her balance or $10, whichever is higher.
Therefore, $10 is higher amount than $9.40
So, the correct answer is: Alicia's minimum monthly payment is $10.
