Question

Previous balance = $179.32 Payments/credits = $85.00 Unpaid balance = $ Monthly rate = 1.25% Finance charge = $ New purchases = $117.42 New balance = $

Answer 1

Unpaid balance-94.32
Finance charge-1.18
New balance-212.92

Answer 2

The answer is $212.92

Explanation:

Given values are :

Previous balance = $179.32

Payments/credits = $85.00

So, Unpaid balance is =
`179.32-85` = $94.32

Monthly rate = 1.25% or 0.0125

Finance charge = 0.0125*94.32 = $1.179

New purchases = $117.42

So, new balance will be = 117.42+94.32+1.179 = $212.919 ≈ $212.92