On Kathleen's credit card statement get last balance was $89.70. She made a payment of $20, had new charges totaling $32.11, and

Question

stepladder [879]

3 years ago

10

On Kathleen's credit card statement get last balance was $89.70. She made a payment of $20, had new charges totaling $32.11, and

pays a periodic rate of 1.23%. What was kathleens finance charge?
1.25
1.23
1.10
0.86

Mathematics

1 answer:

Ivan · Answer 1 · 2022-02-08T14:29:02+03:00

Answer:

Well, the first $100 gets charged $1.50

The next 146.07 gets charged 1% so that is 1.46

1.50 + 1.46 = 2.96

2.3 89.70 - 20 + 32.11 = 101.81. 1.23 percent of that is 1.25

The answer would be the third choice.

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