Ask Question
4 August, 10:38

Chuck's starting balance on his credit card was $268.23, and he made purchases of $125 and $98 during the month. He also made a payment of $100. If the finance charge is 1.4% per month on the unpaid balance, find the new balance at the end of the month.

0
Answers (2)
  1. 4 August, 10:46
    0
    25.95
  2. 4 August, 11:17
    0
    Roughly $396.71

    Step-by-step explanation:

    Chuck starts the month with $268.23 balance on his card

    He makes a $125 and $98 purchase, add those two together to get $223, and then add that to the total starting balance of $268.23 to get $491.23.

    At the end of the month, he made a $100 payment, subtracting $100 from the balance to get $391.23. $391.23 times 1.014 (Adding 1.4% converted into decimal form, to convert a percent into decimal form move the decimal left two places) equals $396.71
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Chuck's starting balance on his credit card was $268.23, and he made purchases of $125 and $98 during the month. He also made a payment of ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers