3 years ago

Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method.

Mathematics

1 answer:

Rufina [12.5K]3 years ago

6 0

Answer:

Step-by-step explanation:

Previous balance = $410.22

Payments/credits = $160.00

unpaid balance : $410.22-$160.00=$250.22

Monthly rate = 1.25%

Finance charge : 1.25 % of $250.22=$3.7533

Total balance to be paid when Finance charge is included : $250.22+$3.7533=$253.9733

New balance :

$253.9733+$95.25=349.2233

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