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Terrell Davids' charge account statement shows an unpaid balance of $110.00. The monthly finance charge is 2 percent of the unpaid balance. What is the new account balance?
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Terrell Davids' charge account statement shows an unpaid balance of $110.00. The

monthly finance charge is 2 percent of the unpaid balance. What is the new account
balance?

User Ramu Pasupuleti
by
5.4k points

1 Answer

5 votes

Answer:

Explanation:

New Balance = 110 + 110*2/100

New Balance = 110 + 2.20

New Balance = 112.20

User Kpym
by
5.7k points
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