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horsena [70]
3 years ago
8

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
Mathematics
2 answers:
Kitty [74]3 years ago
8 0
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
Daniel [21]3 years ago
6 0

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.

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