Josiah Owes $3,500 on His Credit Card with a Minimum

question 90

Multiple Choice

Josiah owes $3,500 on his credit card with a minimum percentage of 3% or a minimum payment of $100, whichever is higher. How much is the minimum payment due?

• A) $100.
• B) $105.
• C) $200.
• D) $3,500.

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Definitions:

Interface

A point where two systems, subjects, organizations, etc., meet and interact.

Fraudulently

Acting with intent to deceive or cheat, often for personal gain or to fulfill some unlawful purpose.

Laser Printer

A type of printer that uses a laser and toner to create high-quality text and graphics on paper.

Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.