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Alexus [3.1K]
3 years ago
8

Grade 5 module 2 lesson 25 problem set

Mathematics
1 answer:
Marizza181 [45]3 years ago
5 0
I dont see a question so i can’t answer
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40÷12= 3.33

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The account balance on April 1st is $102.33. On April 15th a payment of $25.00 is made. On April 25th a purchase of $11.27 is ma
Mademuasel [1]

Answer:

Finance Charge = $1.42

New Account Balance = $90.02

Step-by-step explanation:

<em>APR (Annual Percentage Rate) = 22%</em>

Periodic Rate = 1.83% (APR/12)

<em>Beginning Balance = $102.33 </em>

<em>Payment made on 15th day = $25.00 </em>

<em>Purchase made on 25th day = $11.27 </em>

Finance Charge = (Beginning Balance - Payment made on 15th day) x Periodic Rate

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Finance Charge = $77.33 x 0.0183

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New Account Balance = Beginning Balance - Payment made on 15th day + Purchase made on 25th day + Finance Charge

New Account Balance = $102.33 - $25.00 + $11.27 + $1.42

New Account Balance = $90.02

3 0
4 years ago
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