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1.
The balance on Brent Tyson’s Discover card on December 1 is $205.84.

In December, he charges an additional $98.42 of purchases, has returns of $18.63, and makes a payment of $25.

If the finance charges are calculated at 1.5% per month on the unpaid balance, find the new balance on January 1.

Respuesta :

adamdicdican
Following the balance amount:
$205.84 + $98.42 - $18.63 - $25 = $260.63 
Brent Tyson would have a remaining balance of $260.63 for that month. With finance charges calculated at 1.5% per month of the unpaid balance, we calculate $260.63 + ($260.63 x 0.015) = $264.539. 

Hope this helps.

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