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  • 26-03-2019
  • Mathematics
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Confused on this anyone can explain the answer to me?

Confused on this anyone can explain the answer to me class=

Respuesta :

Аноним Аноним
  • 26-03-2019

Answer:

$397.51.

Step-by-step explanation:

Note the finance rate is levied on the balance at the end of each payment period.

Balance after the $45 payment  = 95.85 -45 = $50.85.

Balance after  adding the 1.5% credit charge = 50.85*1.015 = $51.61.

Plus New Charges = 51.61 + 345.90

=  $397.51.

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