Question

account summary
previous balance: $200.00
payments: $150.00
other credits: $10.00
purchases: $190.00
past due amount: $0.00
interest charged: $15.00
new balance: $245.00
credit limit: $1,000.00
available credit: $755.00
statement closing date: may 25, 2020
days in billing cycle: 30

payment information
new balance: $245.00
minimum payment due: $40.00
payment due date: june 23, 2020
late payment warning:
if we do not receive your minimum payment by the date listed above, you may have to pay a $35 fee.
minimum payment warning:
if you make only the minimum payment each period, you will pay more in interest and it will take you longer to pay off your balance.

what is the minimum payment?
options: $15, $35, $40, $245

Explanation:

Step1: Find Minimum Payment Due

From the Payment Information section, the Minimum Payment Due is given as $40.00.

Answer:

$40