Patrice's credit card has an apr of 11%, calculated on the previous monthly
balance, and a minimum payment of 2%, starting the month after the first
purchase. her credit card record for the last 7 months is shown in the table
below.
end of
month
principal
paid
previous
balance
$0.00
$3900.00
$3857.75
$3815.96
$3774 62
$3733.73
$3693.28
new
charges
$3900.00
$0.00
$0.00
moon
payment
received
$0.00
$78.00
$77. 16
$76.32
$75 49
$74.67
$73.87
finance
charges
$0.00
$35.75
$35.36
$34.98
$34 60
$34 23
$33.86
$0.00
new
balance
$3900.00
$3857.75
$3815.96
$3774.62
$3733.73
$3693.28
$3653 27
$0.00
$42.25
$41.79
$41.34
$40.89
$40.45
$40.01
$0.00
$0.00
$0.00
how much of the $3900 charge that patrice made during the first month has
been paid off?
o
a. $208.77