Homework Help: 1o math

Posted by ar on Monday, January 11, 2010 at 11:49am.

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, Monday, January 11, 2010 at 12:03pm
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.

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