Sure, let's go through the calculations step-by-step:
1. Calculate the unpaid balance:
- Previous balance: \[tex]$179.32
- Payments/credits: \$[/tex]85.00
- Unpaid balance = Previous balance - Payments/credits
[tex]\[
\text{Unpaid balance} = 179.32 - 85.00 = \$94.32
\][/tex]
2. Calculate the finance charge:
- Monthly rate: 1.25%
- Unpaid balance: \[tex]$94.32
- Finance charge = Unpaid balance * Monthly rate
\[
\text{Finance charge} = 94.32 \times \left(\frac{1.25}{100}\right) = \$[/tex]1.179
\]
3. Calculate the new balance:
- Unpaid balance: \[tex]$94.32
- Finance charge: \$[/tex]1.179
- New purchases: \[tex]$117.42
- New balance = Unpaid balance + Finance charge + New purchases
\[
\text{New balance} = 94.32 + 1.179 + 117.42 = \$[/tex]212.91899999999998 \approx \[tex]$212.92
\]
So, with these calculations, we get:
- Unpaid balance: \$[/tex]94.32
- Finance charge: \[tex]$1.179
- New balance: \$[/tex]212.92
