Denise Robb's account statement shows a $210.94 unpaid balance. With a periodic rate of 1.85%, what is the finance charge? She had new purchases of $341.22. What is the new balance?

Question

Alexandria Benson

Mathematics

8 July, 16:18

Denise Robb's account statement shows a $210.94 unpaid balance. With a periodic rate of 1.85%, what is the finance charge? She had new purchases of $341.22. What is the new balance?

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Answers (1)

Know the Answer?

Rylee Clay · Answer 1

A) 3.9 dollars

B) 126.38 dollars

Step-by-step explanation:

Given that Denise Robb's account statement shows a $210.94 unpaid balance. With a periodic rate of 1.85%

The finance charge = 1.85/100 * 210.94 = 3.9 dollars

If She had new purchases of $341.22. The new balance will be

341.22 - (210.94 + 3.9)

126.38 dollars