Question

Bailey wanted a new pair of shoes. She put the $142 cost on her

Answer 1

Answer:

Bailey's balance after 180 days is $ 157.39.

Step-by-step explanation:

Since Bailey wanted a new pair of shoes, and she put the $ 142 cost on her credit card, but because Bailey has been irresponsible with her credit, the credit card company charges her 22% annual interest, for figure Bailey's balance after 180 days, assuming she made no payments, the following calculation must be made:

365 = 100

180 = X

180 x 100/365 = X

18,000 / 365 = X

49.31 = X

22 x 0.4931 = 10.84

142 x 1.1084 = X

157.39 = X

Thus, Bailey's balance after 180 days is $ 157.39.