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Solve the Problem The Interest Rate on the Card Is 1

Question 147

Multiple Choice

Solve the problem.
-On the June 10 billing date, Yuri had a balance due of $441.53 on his credit card. The transactions During the following month were:  June 12 Payment $61.83 June 22 Charge: lawnmower $1342.41 July 3 Charge: pet supplies $145.40\begin{array}{l}\text { June } 12 \text { Payment }&\$61.83 \\\text { June } 22 \text { Charge: lawnmower } &\$ 1342.41 \\\text { July } 3 \text { Charge: pet supplies } &\$ 145.40\end{array}

The interest rate on the card is 1.8% per month. Using the previous balance method, find the new Balance on July 10.


A) $387.65
B) $1901.13
C) $1875.46
D) $1937.29

Correct Answer:

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