1o math

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?

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1. 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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posted by drwls

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