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

Question

Mathematics

Bailey Glover

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

+5

Answers (1)

Know the Answer?

Micheal Kline · Answer 1

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

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