Answer:
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I think the answer is <em>because the math adds up easily for this equation.</em>
#TeamTrees
<em>Hope this helps! <3</em>
40% as a fraction in simplest form would be 2/5.
Answer:
$2070.14
Step-by-step explanation:
Credit card terms vary, as do methods of computing interest and new balance. Here, we'll assume that no payment has been made (<em>in violation of the terms of the credit card</em>), and that the finance charge is only applied to the previous balance.
The finance charge is ...
$1853.68 × 0.249 ÷ 12 = $38.46 . . . . . . . the monthly rate is 0.249÷12
Then the new balance will be the sum of the previous balance, finance charge, and new transaction(s):
$1853.68 +38.46 + 178.00 = $2070.14
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<em>Comment on lack of payment</em>
Because no payment has been made, there may also be a late-payment charge added to the balance.
