Mathematics, 14.02.2022 06:50, and7393
Using the unpaid balance method, find the current months finance charge on a credit card account having the following transactions.
Last month’s balance: $385
Last payment: $250
Annual interest rate: 21%
Purchases: $303
Returns: $158
(It would be great if you could tell me how to use the formula I=Prt where previous months balance + finance charge + purchases made - returns - payments)
Answers: 3
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Using the unpaid balance method, find the current months finance charge on a credit card account hav...
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