While on a business trip in February, Bob Barrett charged the following expenses to his company's credit card: meals ($168), entertainment ($162), and hotel($467). On March 1, Bob makes a payment of $188 and makes no other charges on this credit card. The bank that issues the card charges 1.2% interest per month. What is the balance due on April 1?
A. $665.61

B. $585.49

C. $806.56

D. $616.31

Question

While on a business trip in February, Bob Barrett charged the following expenses to his company's credit card: meals ($168), entertainment ($162), and hotel($467). On March 1, Bob makes a payment of $188 and makes no other charges on this credit card. The bank that issues the card charges 1.2% interest per month. What is the balance due on April 1?
A. $665.61	

B. $585.49	

C. $806.56	

D. $616.31

anonymous · Answer

D. $616.31
$ 609 * 1.012