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

Answer 1

we are given

past due balance is $87.50

new charges is $75.00

a late fee of 15% of my past due balance

now, we can find late fee

late fee = 15% * 87.50

late fee=13.125

now, we can find new total

new total = due balance + new charges + late fee

new total = 87.50+75+13.125

so,

new total is $175.625..........Answer