Question

I have a past due balance of $87.50 and my new charges are $75.00. I was also charged a late fee of 15% of my past due balance. What is my new total?

Answer 1

Your late fee is $13.13 (15% of $87.50).

Your past due balance plus the late fee equals $100.63 ($87.50 + $13.13).

Adding the new charges of $75.00 to $100.63, your new total is $175.63.

Therefore, your new total is $175.63.