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The balance on Brent Tyson’s Discover card on December 1 is $205.84.

In December, he charges an additional $98.42 of purchases, has returns of $18.63, and makes a payment of $25.

If the finance charges are calculated at 1.5% per month on the unpaid balance, find the new balance on January 1.

Answer :

Aliwohaish12
Unpaid balance
205.84−25
=180.84
finance charge
180.84×0.015
=2.71
Purchase
98.42−18.63
=79.79

New balance
180.84+2.71+79.79
=263.34

Hope it helps

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