Erik checks his credit card statement at the end of the month. He still has a balance of $375 remaining from last month, so he owes $4 in interest. This month, Erik made $150 in new purchases. The minimum payment due is $25. How much should Erik pay to avoid being charged interest next month?
A. $25
B. $525
C. $175
D. $529
4+375+150 = ____
mmm
The sum of 4, 375, and 150 is 529.
To answer this question, we need to calculate the total amount Erik owes at the end of the month, considering the remaining balance from last month, the new purchases, and the interest.
First, we add the remaining balance from last month ($375) with the new purchases ($150) to get the total amount owed before interest: $375 + $150 = $525.
Next, we add the interest amount ($4) to the total amount owed to get the total owed at the end of the month: $525 + $4 = $529.
Since the minimum payment due is $25, Erik should pay at least this amount to avoid being charged interest next month.
Therefore, the correct answer is D. $529.