Solve the Problem The Interest Rate on the Card Is 1

question 221

Multiple Choice

Solve the problem.
-On the November 1 billing date, Javier had a balance due of $507.23 on his credit card. The Transactions during the following month were: $\begin{array}{lll}\text { November } 3 & \text { Charge: microwave } & \$ 253.40 \\\text { November } 4 & \text { Payment } & \$ 369.51 \\\text { November } 9 & \text { Charge: calculator } & \$ 123.03 \\\text { November } 22 & \text { Charge: clothing } & \$ 191.93\end{array}$

The interest rate on the card is 1.3% per month. Using the previous balance method, find the new Balance on December 1.

• A) $1082.18
• B) $144.31
• C) $712.67
• D) $720.05

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Definitions:

Mechanical

Pertaining to machinery.

Fifth Intercostal Space

The area between the fifth and sixth ribs, often used as a reference point for certain medical procedures or examinations.

Midclavicular Line

An imaginary vertical line drawn from the midpoint of the clavicle downward, often used as a reference point in medical examinations.

Precordial Leads

Electrodes placed on the chest in specific positions during an ECG to record the heart's electrical activity from the frontal plane, providing insight into the heart's function.