Answer:
The new balance will be $385.04.
Step-by-step explanation:
Previous balance = $179.32
Payments/credits = $85.00
Unpaid balance =
= $264.32
Monthly rate = 1.25%
Finance charge =
= $3.30
New purchases = $117.42
New balance =
= $385.04
We are given an equation with an unknown variable x. We can find the value of x by dividing both sides by 1.76, as this will leave only x on the right hand side of the equation and its value on the left hand side, as shown below:
Thus solving the given equation, we get x =4.16, rounded of to nearest hundredth.
First blank: 8
Second blank: 5
Third blank: 20
Fourth blank: 60