Question

I have a past due balance of $87.50 and my new charges are $75.00. I was also charged a late fee of 15% of my past due balance. What is my new total?" Employee: "Your new total is

Answer 1

Past due balance = $87.50
Late fee = 15% of $87.50 = 0.15*87.50 = $13.125
New charges = $75.00

New total = 87.50 + 13.125 + 75 = $175.625

Answer: The new total is $175.63

Answer 2

Answer:

$175.625

Step-by-step explanation:

Let us figure out late fees on the given past due by finding 15% of 87.50.

$\text{Late fee}=\frac{15}{100}\times 87.50$

$\text{Late fee}=0.15\times 87.50$

$\text{Late fee}=13.125$

Our new total will be the sum of past due balance, late fee and  new charges .

$\text{New balance}=\text{Past due balance + Late fee + New charges}$

Let us substitute our given values in above equation to find our new balance.

$\text{New balance}=87.50+13.125+75$

$\text{New balance}=175.625$

Therefore, the new balance will be $175.625.