Question 4 of 10 Dawn's credit card has an APR of 15%, 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
Finance
charges
2
3
4
5
6
7
Previous
balance
50.00
$1700.00
$168725
$1674.60
$166204
$1649.57
S163720
New
charges
$1700.00
$0.00
50.00
50.00
$0.00
$0.00
$0.00
Payment
received
$0.00
534 00
$33.75
$33.49
$33.24
$32.99
$32.74
$0.00
S2125
$21.09
$20.93
$20.78
$20.62
$20.46
Principal
paid
50.00
$12.75
$12.65
$12.56
$12.47
$12.37
$12.28
New
balance
$1700.00
$168725
$1674.60
51662.04
$1649.57
$1637 20
$1624 92
What is the total amount that Dawn has paid in interest over the 7 months?
O A. $75.08
O B. $125.13
O C. $20.46
O D. $200.21