On April 1, the Unpaid Balance in an Account Was

question 26

Multiple Choice

On April 1, the unpaid balance in an account was $174. A payment of $70 was made on April 8. On April 26 a $26 purchase was made. The interest rate per month was 1.75% per month of the average daily balance. Find the new balance at the end of April.

• A) $132.18
• B) $106.11
• C) $176.11
• D) $131.75

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