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Sagot :
The finance charge will be $ 0.76. Then the new balance will be $ 55.54.
What is a finance charge?
Finance costs are paid to the provider in exchange for supplying cash or granting the loan.
The account balance on April 1st is $50.51.
On April 15th payment of $15.00 is made.
On April 25th a purchase of $19.27 is made.
The annual rate is 18%.
Then the finance charge will be
⇒ $ 50.51 x 0.18 / 12
⇒ $ 0.76
Then the new balance will be
New balance = $ 50.51 - $ 15 + $ 19.27 + $ 0.76
New balance = $ 55.54
More about the finance charge link is given below.
https://brainly.com/question/2588555
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