You owe $449.75 on your credit card. Because you have not paid your bill on time, you have to add a past due charge of $22 , an over limit fee of $45 , and a service charge of 11% of the amount owed on the credit card (without the past due charge and over limit fees). If you wish to send a check for the full amount immediately, how much should you write the check for? Round your answer to the nearest cent, if necessary.
To find out how much to write the check for, we need to calculate the total amount owed on the credit card, including all the fees.
First, let's calculate the service charge. The service charge is 11% of the amount owed on the credit card, without the past due charge and over limit fees.
The amount owed on the credit card (without fees) is $449.75 - $22 - $45 = $382.75.
So, the service charge is 11% of $382.75:
Service charge = 11% * $382.75 = $42.10.
Now, let's calculate the total amount owed on the credit card, including all the fees:
Total amount owed = Amount owed on the credit card + Past due charge + Over limit fee + Service charge
Total amount owed = $449.75 + $22 + $45 + $42.10
Total amount owed = $559.85.
The check should be written for $559.85.
To calculate the total amount owed on the credit card, we need to add the past due charge, the over limit fee, and the service charge to the original amount owed.
1. Calculate the service charge:
Amount owed on credit card (without past due charge and over limit fees) = $449.75 - $22 - $45 = $382.75
Service charge = 11% of $382.75 = $42.10 (rounded to the nearest cent)
2. Add the past due charge, over limit fee, and service charge to the original amount owed:
Total amount owed = $449.75 + $22 + $45 + $42.10 = $559.85 (rounded to the nearest cent)
Therefore, you should write the check for $559.85 to pay the full amount immediately.
To calculate how much you should write the check for, you need to add the original amount owed ($449.75), the past due charge ($22), the over limit fee ($45), and the service charge (11% of the amount owed without the past due charge and over limit fees).
First, let's calculate the service charge. To do this, we need to find the amount owed without the past due charge and over limit fee.
Original amount owed: $449.75
Amount without past due charge and over limit fee: $449.75 - $22 (past due charge) - $45 (over limit fee) = $382.75
Now, we'll calculate the service charge, which is 11% of $382.75.
Service charge: 11% * $382.75 = $42.10
Finally, we'll add up all the charges to determine the total amount you should write the check for.
Total amount: $449.75 (original amount owed) + $22 (past due charge) + $45 (over limit fee) + $42.10 (service charge) = $559.85
Therefore, you should write the check for $559.85.