Solve the Problem. -The Unpaid Balance in an Account at the Beginning of the Beginning

question 86

Multiple Choice

Solve the problem.
-The unpaid balance in an account at the beginning of December was $114. A payment of $20 was made on December 21. The finance charge rate was 1.6% per month of the average daily balance. Find the new balance at the end of December.

• A)$95.66
• B)$95.71
• C)$95.60
• D)$111.10

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Definitions:

Digestive System

The group of organs responsible for breaking down food into nutrients, which the body uses for energy, growth, and cellular repair.

Circular Muscles

Muscles that are shaped in rings and typically found in various body systems, responsible for controlling the passage of substances by contraction and relaxation.

Ghrelin

A peptide hormone produced primarily in the stomach, the level of which rises before and falls after meals.

Leptin

A protein hormone produced by fat cells in the body that is related to eating and weight control.