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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

Correct Answer:

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