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Question 13 (1 Point) Cf 1,312.11 The Monthly France Charge 175% of the Unpad Balance Laina Has New Purchases of 140.00 What Is the New

Question

Question 13 (1 point) cf 1,312.11 The monthly france charge 175% of the unpad balance Laina has new purchases of 140.00 What is the new account balance? square

Solution

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Answer

### $1475.07

Explanation

## Step 1: Calculate the finance charge### The finance charge is 1.75% of the unpaid balance of 1312.11 \times 0.0175 = 22.96 1312.11 + 22.96 + 140.00 = 1475.07$.