Ask Question
27 November, 03:34

Calculate the finance charge and new balance using the previous balance method. Previous balance = $350.55

Annual rate = 18%

Finance charge = $

New purchases = $59.95

Payments/credits = $150.00

New balance = $

+2
Answers (1)
  1. 27 November, 04:32
    -1
    Finance charge

    350.55 * (0.18:12) = 5.26

    New balance

    350.55-150+5.26+59.95=265.76
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Calculate the finance charge and new balance using the previous balance method. Previous balance = $350.55 Annual rate = 18% Finance charge ...” 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