Patrick David's charge account statement shows an unpaid balance of $110. The monthly finance charge is

2% of the unpaid balance. What is the new account balance?

Step-by-step explanation:

You take the upaid balance of $110 and multiply it by 2%

which will give you $2.20. Then you add the two together and you get your answer of $112.20.

$110.00 x 2% = $2.20

$110.00

+2.20

$112.20