If the balance is $1020, the payment is $100, and the interest is 1.5% per month, how much is the unpaid balance? A) $920.00 B) $933.80 C) $13.80 D) $1,020.00

Question

asked Oct 11, 2018 225k views

1 Answer

Shawn Mathew · Answer 1 · 2018-10-16T10:06:38+0000

Unpaid balance=previous balance-payment

Previous balance 1020
Payment 100

Unpaid balance=1020-100=920

So the answer is a
Hope it helps!