Steps: 1. Find the unpaid balance 2. Find the finance charge 3. Find the new balance Example 1: A portion of Lucy's charge account Charge Account Statement statement is shown 88 PAYMENT / Thank You...

Steps:<br>1. Find the unpaid balance<br>2. Find the finance charge<br>3. Find the new balance<br>Example 1: A portion of<br>Lucy's charge account<br>Charge Account Statement<br>statement is shown<br>88<br>PAYMENT / Thank You<br>40.00<br>below. The monthly<br>finance charge is 1.5%<br>of the unpaid balance.<br>What is her new<br>Billing Date: 2/16<br>Finance<br>Charge<br>Previous<br>Unpaid<br>Balance<br>New<br>Payments<br>& Credits<br>New<br>Balance<br>Purchases<br>Balance<br>account balance?<br>$132.40 $40.00<br>| b.<br>| 579.55 c.<br>a.<br>

Extracted text: Steps: 1. Find the unpaid balance 2. Find the finance charge 3. Find the new balance Example 1: A portion of Lucy's charge account Charge Account Statement statement is shown 88 PAYMENT / Thank You 40.00 below. The monthly finance charge is 1.5% of the unpaid balance. What is her new Billing Date: 2/16 Finance Charge Previous Unpaid Balance New Payments & Credits New Balance Purchases Balance account balance? $132.40 $40.00 | b. | 579.55 c. a.

Jun 06, 2022

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Steps: 1. Find the unpaid balance 2. Find the finance charge 3. Find the new balance Example 1: A portion of Lucy's charge account Charge Account Statement statement is shown 88 PAYMENT / Thank You...

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