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Author Question: Inga Suave has a revolving department store credit card with an annual percentage rate of 18. Her ... (Read 45 times)

crobinson2013

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on: Jun 24, 2018
Inga Suave has a revolving department store credit card with an annual percentage rate of 18. Her previous month's balance is 826.39. During August, she has purchases of 289.16, returns of 29.99, and made a payment of 126.50. The store uses the unpaid balance method to calculate finance charges. a. What is the amount of the finance charge for August? b. What is Inga's new balance?

Question 2

A mountain bike costs 86 more than twice the cost of a street bike. If together they cost 518, what is the cost of the mountain bike?


jlaineee

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 12.40
b. 971.46

Answer to Question 2

374


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