Solve the Problem. -The March 1 Unpaid Balance in an Account Was $150

question 74

Multiple Choice

Solve the problem.
-The March 1 unpaid balance in an account was $150. On March 10, a payment of $20 was made.No new purchases were made in March. The finance charge rate was 1.3% per month of the average
Daily balance. Find the new balance at the end of March.

• A)$131.30
• B)$131.71
• C)$131.77
• D)$147.65

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Definitions:

Sue

To initiate legal proceedings against an individual or entity in order to seek redress or enforce a right.

Uncertainty

A state or condition where outcomes, consequences, or future events are unpredictable or unknown.

Purchase

The act of acquiring goods or services in exchange for money or other valuable consideration.

Old Model

Refers to a product, system, or item that has been replaced or surpassed by newer versions or models.