A customer sent in a $230 check to pay off an overdue bill but failed to pay the interest that accrued over the 45 days after the posted due date. The original balance owed was $230, and the account accrues interest at $0.42 per day. What amount of money should the customer have originally sent in to cover the total balance owed?

Question

A customer sent in a $230 check to pay off an overdue bill but failed to pay the interest that accrued over the 45 days after the posted due date. The original balance owed was $230, and the account accrues interest at $0.42 per day. What amount of money should the customer have originally sent in to cover the total balance owed?

$ 18.90
$ 211.10
$ 248.90
$ 275.00

Answer 1

I'll be glad to check your answer.

Answer 2

275 so it woulbb be the 230 plus the 45

Answer 3

No.

(0.42 * 45) + 230 = ?

Answer 4

To determine the amount of money the customer should have originally sent in to cover the total balance owed, we need to calculate the interest accrued over the 45 days after the due date and add it to the original balance of $230.

First, let's calculate the interest accrued over 45 days by multiplying the daily interest rate of $0.42 by the number of days, which gives us:

$0.42 * 45 = $18.90

Next, we add the interest accrued to the original balance to get the total balance owed:

$230 + $18.90 = $248.90

Therefore, the customer should have originally sent in $248.90 to cover the total balance owed. So, the correct answer is $248.90.