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 previous new payment finance principal new
month balance charges received charges
balance
$0.00
$1700.00 $0.00 $0 00
s1700.00
$1700.00 50.00 $34.00 $21.25
$12.75
s1687 25
51687.25 50.00
$33.75
$21.09 $12.65 51674.60
$1674.60 50.00
533 49
$20.93 $12.56 $1662.04
s1662.04 $0.00 533 24 $20.78 $12.47 $1649.57
$1649.57 $0.00 $32.99 $20.62
$12.37
$163720
$1637,20 50.00 $32.74 $20.46 $12.28 s1624.92
pald
$0.00
what is the total amount that dawn has paid in interest over the 7 months?
o a. $20.46
o b. $125.13
o c. $200.21
o d. $75.08