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Your opening balance this month was $1,664.00. In the last thirty days you made the following purchases: $27.35, $54.15, and $125.00. You are charged 15% annual interest (or 1.25% per month). If you pay a full month's interest on those purchases, what will your new balance be?

Respuesta :

sqdancefan

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Answer:

  $1,893.88

Step-by-step explanation:

The new balance before the finance charge is added is ...

  $1664.00 +27.35 +54.15 +125.00 = $1870.50

The finance charge is then ...

  $1870.50 × 0.0125 = $23.38

So, the new balance is ...

  $1,870.50 +23.38 = $1,893.88

Answer:

$1,893.88

Step-by-step explanation:

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