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On March 5, the billing date Anna has a balance of 567.20 on her credit card. The transcations during the following month were March 8
On March 5, the billing date Anna has a balance of 567.20 on her credit card. The transcations during the following month were
March 8 Payment $275.00
March 21 Charge Shopping $330.00
March 27 Charge Nails $190.80
April 2 Charge Clothing $84.75
FInd the finance charge on April 5 using the unpaid balance method. (the unpaid balance uses the final balance on April 5 as the principal. Interest rate ise 1.1% per month.
Find the balance due on April 5 for the unpaid balance method.
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