college mathematics unit 4 corrective credit cards\nlearning target 3: credit cards\nuse the following…

college mathematics unit 4 corrective credit cards\nlearning target 3: credit cards\nuse the following credit - card statement to answer the following questions of 11 and 12.\ntype: revolving transactions account number: 3548778 billing date: 16 aug payment due: 1 sept\n6 - aug meghan’s shop $975.00\n7 - aug franklin pets $32.50\n8 - aug bust buy $278.21\n10 - aug payment $(-150.00)\n15 - aug chili’s $41.53\nprevious balance $420.50 payments / credits $150.00 new purchases $1,327.24 late charge $0.00 finance charge $19.80 new balance $1,517.54 minimum payment $35.00\ntotal credit line $3,000.00 total available credit $1,482.46 average daily balance $1,199.97 # days in billing cycle 30 apr 19.80% monthly periodic rate 1.65%\n11) what is the minimum amount that can be paid?\n12) what is the sum of all purchases made during the billing cycle?

college mathematics unit 4 corrective credit cards\nlearning target 3: credit cards\nuse the following credit - card statement to answer the following questions of 11 and 12.\ntype: revolving transactions account number: 3548778 billing date: 16 aug payment due: 1 sept\n6 - aug meghan’s shop $975.00\n7 - aug franklin pets $32.50\n8 - aug bust buy $278.21\n10 - aug payment $(-150.00)\n15 - aug chili’s $41.53\nprevious balance $420.50 payments / credits $150.00 new purchases $1,327.24 late charge $0.00 finance charge $19.80 new balance $1,517.54 minimum payment $35.00\ntotal credit line $3,000.00 total available credit $1,482.46 average daily balance $1,199.97 # days in billing cycle 30 apr 19.80% monthly periodic rate 1.65%\n11) what is the minimum amount that can be paid?\n12) what is the sum of all purchases made during the billing cycle?

Answer

Explanation:

Step1: Identify relevant information for question 11

The minimum payment value is directly given in the statement as $35.00.

Step2: Identify relevant information for question 12

The new purchases amount in the statement is $1,327.24 which is the sum of all purchases made during the billing - cycle.

Answer:

  1. $35.00
  2. $1,327.24