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On July 2, the billing date, Marvin Zug had a balance due of $155.09 on his credit card. His card charges an interest rate of
On July 2, the billing date, Marvin Zug had a balance due of $155.09 on his credit card. His card charges an interest rate of 1.25% per month. The transactions he made are to the right. a) Find the finance charge on August 2, using the previous balance method. b) Find the new balance on August 2 Marvin made the following transactions during the month. July 16 Charge: Office supplies $68.41 July 19 Charge: Scarf $48.34 July 23 Payment $170,00 July 24 Charge: $92.56 a) The finance charge on August 2 is $ (Round to the nearest cent as needed.) Toy truck on his credit card. His card charges to the right. method. Marvin made the following transactions during the month. July 16 Charge: $68.41 Office supplies July 19 Charge: Scarf $48.34 July 23 Payment $170.00 July 24 Charge: $92.56 Toy truck On July 2, the billing date, Marvin Zug had a balance due of $155.09 on his credit card. His card charges an interest rate of 1.25% per month. The transactions he made are to the right. Marvin mad a) Find the finance charge on August 2, using the previous balance method. b) Find the new balance on August 2. a) The finance charge on August 2 is $ (Round to the nearest cent as needed.) July 16 Che Off July 19 Ch July 23 Pa July 24 CH To
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