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MathematicsMathematics
29 December, 09:58

The account balance on April 1st is $50.51. On April 15th a payment of $15.00 is made. On April 25th a purchase of $19.27 is made.

What is the finance charge if the annual rate is 18%?

What is the unpaid balance?

What is the finance charge using the unpaid balance method?

What is the new balance?

+3
Answers (2)
  1. 29 December, 10:34
    0
    Not 100% sure on this one

    Unpaid balance-54.78

    Finance charge-.53

    New balance-55.31
  2. 29 December, 13:48
    0
    Unpaid balance

    50.51-15

    =35.51

    finance charge

    35.51 * (0.18:12)

    =0.53

    New balance

    35.51+0.53+19.27

    =55.31
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