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24 March, 21:50

The unpaid balance on a MasterCard charge was $1,056.23. During the month, payments of $300 and $250 were made and charges of $425 and $274.16 were added. If the finance charge is 1.2% per month on the unpaid balance, find the new balance at the end of the month.

$1,205.39

$1,218.06

$918.06

$1,768.06

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  1. 25 March, 00:38
    0
    1218.06

    Step-by-step explanation:

    first multiply by the finance fees on unpaid balance:

    1056.23 * (1.2%) = 12.674

    then add the extra charges:

    1056.23+12.674=1068.9

    add the charges to the unpaid balance:

    1068.9+425+274.16=1768.064

    then subtract the payments: 1768.064-550 = 1218.064
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