161k views
1 vote
Catherine has an unpaid balance on her credit card of $345.38. She has new charges of $195.65 this month and her monthly interest rate on the unpaid balance is 1.75%. What is the total balance on her monthly bill (to the nearest whole cent)?

User Pass
by
7.6k points

1 Answer

2 votes
New balance
345.38+195.65+((345.38×(0.0175÷12))
=541.53
User Minnur
by
7.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories