Annette Has a Bank Card

question 63

Multiple Choice

Annette has a bank card. Her billing date is July 4. The balance due at that date was $870. She sent a payment of $400, which the bank received on July 12. She made a new purchase on July 31 for $200.
What will the finance charge be for August 4 if the bank charges 1.3% per month and uses the
Unpaid balance method?

• A)$8.71
• B)$7.79
• C)$11.31
• D)$9.38

---

Definitions:

Neural Shortcut

A process whereby the brain optimizes pathways for processing information, leading to quicker responses or decisions, often through the phenomenon of heuristics or conditioned responses.

Emotional Responses

Refers to the psychological reactions triggered by emotions experienced in response to specific stimuli or situations.

Joseph LeDoux

A neuroscientist known for his research on survival circuits, including those that generate fear and anxiety responses.

Emotional Reactions

Immediate and spontaneous responses in feelings to stimuli or situations.