Question

On the June 10 billing date, Yuri had a balance due of $476.57 on his credit card. The transactions during the following month were:

June 12 Payment $62.18
June 22 Charge: lawnmower $1558.44
July 3 Charge: fireworks $148.98

The interest rate on the card is 1.7% per month. Using the unpaid balance method, find the new balance on July 10.
A. $2129.91
B. $2157.88
C. $422.49
D. $2192.09

Answer 1

i can not figer it out

Answer 2

It's pretty simple. To compute the total due for any given month using the unpaid balance method, start with the unpaid balance from the previous month. Calculate interest on that figure. Add to that total any additional purchases for the month and subtract any payments made or credits to the account. The final figure reflects the current unpaid balance.

Answer 3

Mathematically, it would be: \[476.57+(476.57*0.017)-62.18+1558.44+148.98=?\]

Answer 4

it is A

Answer 5

Yes

Answer 6

thank you

Answer 7

you're welcome