Paul Hare had a previous balance of 216.54 on his clothing store ...

[WWatsford]

Paul Hare had a previous balance of 216.54 on his clothing store credit card. He made purchases of 32.10 and a payment of 100. The interest charge was 2.1. What is the new unpaid balance of Paul's credit card using the previous balance method?
 A) 353.19
  B) 279.89
  C) 194.02
  D) 153.19

Question 2

On May 1, the unpaid balance on a credit card is 132. During the month, purchases of 16.95, 82.64, and 5.35 are made. Using the previous balance method, what is the unpaid balance on June 1, if the finance charge is 1.9 of the unpaid balance and a payment of 90 is made May 12?
 A) 114.57
  B) 149.43
  C) 171.84
  D) 329.43

[Pamela.irrgang@yahoo.com]

Answer to Question 1

D

Answer to Question 2

B