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Connie has two credit cards, U and V. Card U has a balance of $414.55, and Card V has a balance of $751.81. The minimum monthly payment on Card U is 2.82% of the balance, and the minimum monthly payment on Card V is 3.09% of the total balance. How much greater is the minimum payment on Card V than on Card U? a. $8.70 b. $10.73 c. $9.51 d. $11.54

Respuesta :

texaschic101
Card U : 0.0282(414.55) = 11.69
Card V : 0.0309(751.81) = 23.23

Card V cost (23.23 - 11.69) = 11.54 more then card U

Using proportions, it is found that the correct option regarding how much greater is the minimum payment on Card V than on Card U is given by:

d. $11.54

What is a proportion?

A proportion is a fraction of a total amount.

For Card U, the payment is of 2.82% of $414.55, hence:

0.0282 x 414.55 = $11.69.

For Card V, the payment is of 3.09% of $751.81, hence:

0.0309 x 751.81 = $23.23

The difference is:

23.23 - 11.69 = $11.54.

Hence option D is correct.

More can be learned about proportions at https://brainly.com/question/24372153

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