Brooklyn Oconnor

Mathematics

18 July, 12:12

On the April 3 billing date, Michaelle Chappell had a balance due of $ 1495.39 on her credit card. From April 3 through May 2 , Michaelle charged an additional $ 305.34 and made a payment of $ 800.

a) Find the finance charge on May 3 , using the previous balance method. Assume that the interest rate is 1.8 % per month.

b) Find the new balance on May 3.

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