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Five percent of one hundred dollars is five dollars.

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Q: If your balance was 100 dollars and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?
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Related questions

Can a credit card company charge a three percent fee up to one hundred dollars for closing an account with a balance?

Yes.


If your previous balance was 100 and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?

5.00


Which credit cards offer zero percent on balance transfers?

Zero percent balance transfer offers change frequently, so it is best to check with the credit card company before applying. Some cards that offer zero percent balance transfers are the Citi Simplicity Card, Bank Americard Visa, and the Capital One Premium Prestige Card.


How do I transfer the balance on my credit cards?

You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.


Where can one apply for a zero percent balance transfer credit card?

One can apply for a zero percent balance transfer credit card on websites like Money Supermarket, Balance Transfer Credit Cards, Moneyning or Wise Bread.


Is accounts payable a debit or credit?

Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.


When does accounts receivable have a credit balance?

If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.


Marty uses a credit card for only necessary purchases. The interest rate charged by the credit card company is 19.9 percent . If he maintains an average balance of 3500 owed?

696.50 (A+)


What are the benefits of low credit card balance transfers?

Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.


Reginald's credit card statement states that his balance is 550 What does the term balance mean?

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.


Linda received a credit card through the mail The interest rate charged by the credit card company is 24.9 percent If she maintains an average balance of 2400 owed on the card how much will she have?

$597.60


When will the cash book have credit balance?

When company spend more cash then it actually has will cause credit balance of cash book.