Not clear what balance and unpaid balance are.
Usually statements give unpaid balance (from last month), minus the payments, add purchases to get the new balance. Is $253 the new balance?
Also, charge accounts usually charge interest by the day. How does this account work if no days are specified?
How do you find the interest and the new balance on these charge accounts?
Balance=$253.00, Payment=$12.65, Unpaid Balance=$12.63, Interest Rate per Month=1.6%, Interest= , New Balance=
1 answer
1 answer