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Darrin Newberry’s charge account statement shows an unpaid balance of $875. The monthly finance charge is 1.65% of the unpaid balance. What is the new account balance?

Respuesta :

desirayjt
Multiple 1.65/100 which equals 14.4375

The add 14.4375 to 875 & round to the closest cent which is 889.44

Answer:

The new account balance is $889.44

Step-by-step explanation:

Let us assume that this is a monthly statement and we have to find the total balance with one month's interest.

The unpaid balance in the account = $875

The monthly finance charge is 1.65% of the unpaid balance.

So, the monthly finance amount is = [tex]0.0165\times875=14.437[/tex] dollars.

Thus, the new account balance will be =[tex]875+14.437=889.437[/tex] dollars or rounding to two decimal places we get $889.44.