Finance Question Number 2

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Destiny Paxton had a previous balance at Coffee Emporium of $59.27. She had payments and credits of $29.21. The finance charge is 1.75 percent of the unpaid balance. She also had $16.16 in new purchases. What is the new balance?

Jan 16th, 2015

Paxton outsranding = $59.27

Payments =$29.21

Net outstanding = $30.06

Purchase = $16.16

Outstanding = $46.22

Rate =0.0175

Finance charge = $0.80885

New oyutstanding = $47.02885

Answer : $47.03

Jan 16th, 2015

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