A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
Katie had an unpaid balance of $2,072.25 on her credit card statement at the beginning of March. She made a payment of $440.00 during the month. If the interest rate on Katie's credit card was 15.5% per month on the unpaid balance, find the finance charge and the new balance on April 1.
anonymous
 one year ago
Katie had an unpaid balance of $2,072.25 on her credit card statement at the beginning of March. She made a payment of $440.00 during the month. If the interest rate on Katie's credit card was 15.5% per month on the unpaid balance, find the finance charge and the new balance on April 1.

This Question is Open

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0A.Finance charge = $325.31; new balance = $1,957.56 B.Finance charge = $331.34; new balance = $1,963.59 C.Finance charge = $321.20; new balance = $1,953.45 D.Finance charge = $319.31; new balance = $1,951.56

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0Any ideas on how to approach it?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0None really...that's why I'm asking. :)

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0well, you should have a basic idea, even if it wrong. you are taking a class arent you? give me an idea.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0we have a balance, we make a payment ... is the payment before or after the interest is calculated?
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.