Posted by ar on .
Scott charged a $568 purchase on his credit card. The first month he
paid $200. The second month's statement included a 1.75% monthly finance
charge, computed on the unpaid balance method. What was the total amount
due on the second statement?

10 math 
drwls,
After the first month's payment was made, Scott still owed $368. On his next payment, he would have had a balance due of $368 PLUS 1.75% of $368.
You do the numbers.