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Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1,000, but she has not chrged that much since opening
Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1,000, but she has not chrged that much since opening the account. Nancy hasn't had the time to review her monthly statements promptly as she should, but over the upcoming weekend she plans to catch up on her work. She has been putting off because she can't tell how much interest she paid or the unpaid balance in November. She spilled watercolor paint on that portion of the statement. In reviewing November's statement she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November 5,$100 on November 15 and $50 on November 30. She paid $5.27 in interest the month before. She does remember, though, seeing the letters APR and the number 16%. Also, the back of her statement indicates that interest was charged using the average daily balance method, including current purchases, which considers the day of a charge or credit. Find the unpaid balance on November 30 before the interest charged. Answer in Blank\#1 with units to the correct power, round to the nearest hundredths, and no spaces (Example: 27.23gal/min,18yd,22.17yd2
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