Denise Robb's account statement shows a $210.94 unpaid balance. With a periodic rate of 1.85%, what is the finance charge? She h

Question

3 years ago

9

ad new purchases of $341.22. What is the new balance?

1 answer:

Blizzard [7] · Answer 1 · 2021-12-16T09:47:06+03:00

Answer:

A) 3.9 dollars

B) 126.38 dollars

Step-by-step explanation:

Given that Denise Robb's account statement shows a $210.94 unpaid balance. With a periodic rate of 1.85%

The finance charge = 1.85/100 × 210.94 = 3.9 dollars

If She had new purchases of $341.22. The new balance will be

341.22 - ( 210.94 + 3.9 )

126.38 dollars