Answer:
c. 6
Step-by-step explanation:
Given
See attachment for graph
Required
Average rate of change
This is calculated as:
Where
So, we have:
Using the attached graph, we have:
So, we have:
Darrin Newberry’s charge account statement shows an unpaid balance of $875. The monthly finance charge is 1.65% of the unpaid ba
2 answers:
Answer:
The new account balance is $889.44
Step-by-step explanation:
Let us assume that this is a monthly statement and we have to find the total balance with one month's interest.
The unpaid balance in the account = $875
The monthly finance charge is 1.65% of the unpaid balance.
So, the monthly finance amount is = dollars.
Thus, the new account balance will be = dollars or rounding to two decimal places we get $889.44.
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