Amar Owes $2,000 on His Credit Card with a Minimum

question 30

Multiple Choice

Amar owes $2,000 on his credit card with a minimum percentage of 4% or a minimum payment of $60, whichever is higher. How much is the minimum payment due?

• A) $60.
• B) $80.
• C) $140.
• D) $2,000.

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Definitions:

External Sources

Outside entities, data, or information that contribute to an organization's decision-making, research, or strategic planning.

TPSs

Transaction Processing Systems, computerized systems that perform and record the daily routine transactions necessary to conduct the business; they serve at the operational level of an organization.

Walmart

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Enterprise

A large company or organization, especially one with complex structures and operations, often spanning multiple industries or geographic locations.