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May 29, 2015

Homework Help: math

Posted by Mary on Sunday, February 14, 2010 at 4:52pm.

Mr. Chang and his wife together had an unpaid balance of $500 on their credit cards for one month. THe bank that issued Mr. Chang's credit card charges an intrest rate of 1.25% a month and his wife's interest is 1.5 per month. If the total interest finance charge was $6.75 how much was each unpaid balance? Write an equaiton for the finance chare and the balance.

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