Multiple Choice
Solve the problem.
-The unpaid balance in an account on May 1 was $221. A purchase of $27 was made on May 8. A $80 payment was made on May 22. The finance charge rate was 1.25% per month of the average
Daily balance. Find the new balance at the end of May.
A) $170.70
B) $222.23
C) $169.25
D) $142.19
Correct Answer:
Verified
Correct Answer:
Verified
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