Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The average daily balance of a credit card for the month of November was $700, and the unpaid balance at the end of the month was $1400. If the monthly interest rate is 1.3% of the average daily balance, what is the total balance on the next billing date December 1? Round your answer to the nearest cent. Do not use commas to separate numbers or dollar signs. For example, $5,678.00 should be entered as 5678.00.

Sagot :

sqdancefan

9514 1404 393

Answer:

  $1409.10

Step-by-step explanation:

The interest is added to the unpaid balance to obtain the total balance.

  $700×1.3% + 1400 = $9.10 +1400 = $1409.10

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.