Question

I have a past due balance of 87.50 and my new charges are $75 I was also charged a late fee of 15% of my past due balance what is my new total

Answer 1

Your new total would be 177.5 because if you add the past due balance and add the charge of $75 and then add the 15% late fee you would get 177.5

87.50 + $75 + 15% = 177.5



Hopefully this right, if it is not i am so very sorry, Have a Good Evening:) ~Nana~!

Answer 2

Answer: $175.63.

Explanation:

As per given ,

Past due balance = $87.50

New Charge = $75

Late fee charge = (15% ) of ( Past due balance )

= 0.15 x ($87.50)

= $ 13.125 ≈ $ 13.13 [Round off to the nearest cent]

Now , the new total = (Past due balance)+(New Charge )+(Late fee charge)

i.e. New total = ($87.50)+($75)+($13.13)

i.e. New total = $175.63

Hence, the new total is $175.63.