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2 votes
If the balance is $1020, the payment is $100, and the interest is 1.5% per month, how much is the unpaid balance?

A) $920.00

B) $933.80

C) $13.80

D) $1,020.00

User FrankC
by
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1 Answer

5 votes
Unpaid balance=previous balance-payment

Previous balance 1020
Payment 100

Unpaid balance=1020-100=920

So the answer is a
Hope it helps!
User Shawn Mathew
by
8.9k points