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Alex
3 years ago
7

Larry Thomas's charge account statement shows an unpaid balance of $800. The monthly finance charge is 1.5% of the unpaid balanc

e. What is the new account balance? Answer key
Mathematics
1 answer:
lilavasa [31]3 years ago
5 0

Answer:

The new account balance is <u>$812</u>.

Step-by-step explanation:

Given:

Larry Thomas's charge account statement shows an unpaid balance of $800.

The monthly finance charge is 1.5% of the unpaid balance.

Now, to find the new account balance.

Unpaid balance = $800.

Monthly finance charge of the unpaid balance = 1.5%.

Now, to get the new account balance:

$800 + 1.5% of $800.

=800+\frac{1.5}{100} \times 800.

=800+0.015\times 800.

=800+12.

=\$812.

Therefore, the new account balance is $812.

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