Question

4/3/23 Business and

ontinue
K
Sept
Oct
Complete the table to determine the unpaid balances and the finance charges. The interest rate is 1.5% on the unpaid balance.
Month Unpaid Finance Purchases Returns Payments
Balance Charge during
Month
Beginning
of Month
$665.49
$38.45 $16.67
$321.54 $38.92
Question 3, 12.1.5
Part 1 of 5
The finance charge for September is
(Round to the nearest cent.)
$170
$175
Unpaid
Balance at
End of
Month

Answer 1

$409.15

Explanation:

The finance charge for September is $10.

Unpaid Balance at End of Month: $665.49 + $38.45 + $10.00 + $16.67 - $321.54 - $38.92 = $409.15.