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Suppose the charge account of Black's Mailing Service at the local supply store had a 1.5 % interest rate per month on the average daily
Suppose the charge account of Black's Mailing Service at the local supply store had a
1.5%
interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of
$134.35
a payment of
$15.00
posted on March
14
and a purchase of
$28.97
posted on March
19
The billing cycle ends March 31.
The Black's finance charge is
$_____________________________________
(Round to the nearest cent as needed.)
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