Question

Destiny Paxton has a previous balance at coffee emporium of 59.27. She had payments and credits of 29.21. The new finance charge is 1.75 percent of the unpaid balance and she had 16.16 in new purchases. What is the new balance?

Answer 1

Answer:

The new balance is 46.736

Step-by-step explanation:

Destiny Paxton's previous balance at coffee emporium = 59.27

payments and credits  =  29.21

Now her unpaid balance is

=> previous balance at coffee emporium - payments and credits

=> 59.27-29.21

=> 30. 06

So her unpaid balance is  = 30.06

The new finance charge is 1.75 percent of the unpaid balance

=>$1.75% of 30.06$

=>$\frac{1.75}{100} \times 30.06$

=>$0.0175 \times 30.06$

=>0.52605

Now the balance will be  

=>  30.06  +  0.52605

=> 30.576

she had 16.16 in new purchases

=> 30.576 + 16.16

=>46.736