Respuesta :
Answer:
$1,114.66
Step-by-step explanation:
Data provided in the question:
Monthly periodic rate = 2.15% = 0.0215
current Charges = $189.34
Payment made = $100.00
Finance charge = $21.54
Now,
Previous balance = Finance charges ÷ Rate
= $21.54 ÷ 0.0215
= $1001.86
Unpaid balance = Previous balance + Current charges - Payment
= $1001.86 + $189.34 - $100.00
= $1091.2
New balance = Unpaid balance × ( 1 + Rate )
= $1091.2 × ( 1 + 0.0215)
= $1,114.66
Given Information in the question:
- Monthly periodic rate = 2.15% = 0.0215
- Current Charges = $189.34
- Payment made = $100.00
- Finance charge = $21.54
Previous balance = Finance charges ÷ Rate
- Previous balance = $21.54 ÷ 0.0215
- Previous balance = $1001.86
Unpaid balance = Previous balance + Current charges - Payment
- Unpaid balance = $1001.86 + $189.34 - $100.00
- Unpaid balance = $1091.2
New balance = Unpaid balance × ( 1 + Rate )
- New balance= $1091.2 × ( 1 + 0.0215)
- New balance= $1,114.66
Blake's new balance is $1114.66.
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