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Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method. Note: interest rate is given as a monthly rate. Previous balance = $179.32 Payments/credits = $85.00 Unpaid balance = $ Monthly rate = 1.25% Finance charge = $ New purchases = $117.42 New balance = $

Respuesta :

Answer:

The new balance will be $385.04.

Step-by-step explanation:

Previous balance = $179.32

Payments/credits = $85.00

Unpaid balance = [tex]179.32+85[/tex] = $264.32

Monthly rate = 1.25%

Finance charge = [tex]0.0125\times264.32[/tex] = $3.30

New purchases = $117.42

New balance = [tex]264.32+3.30+117.42[/tex] = $385.04

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