The monthly finance charge on a charge account is 1.5% on the unpaid amount up to $500, and 1% on the unpaid amount over $500. W

Question

Snezhnost [94]

4 years ago

11

The monthly finance charge on a charge account is 1.5% on the unpaid amount up to $500, and 1% on the unpaid amount over $500. W

hat is the charge on an unpaid amount of $750?

Mathematics

1 answer:

CaHeK987 [17] · Answer 1 · 2022-02-16T15:39:21+03:00

CaHeK987 [17]4 years ago

8 0

Break down $750. Where the first $500 is charged 1.5% and the remaining $250 is charged 1%

$500 * 1.5% = $7.50
$250 * 1.0% = $2.50

The total charge for the unpaid amount of $750 is $10.00