Question

Catherine has an unpaid balance on her credit card of $345.38. She has new charges of $195.65 this month and her monthly interest rate on the unpaid balance is 1.75%. What is the total balance on her monthly bill (to the nearest whole cent)?
$561.90
$555.55
$550.50
$570.08
None of these choices are correct.

Answer 1

Answer:

345.38+195.65+((345.38×(0.0175÷12))

=541.53