Question

PLZ HELP 10 PIONTS

Answer 1

Answer:

The correct answer is:

$1.98

Step-by-step explanation:

we are told that the finance charge is 1.57% on the unpaid balances. so it is calculated as follows:

unpaid balance = $125.89

finance charge = 1.57% of unpaid balance.

note that 1.57% = 1.57/100 = 0.0157

∴ finance charge = 0.0157 × 125.89 = 1.976 = $1.98 ( to 2 decimal places).