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The March 1 Unpaid Balance in an Account Was $229

Question 67

Multiple Choice

The March 1 unpaid balance in an account was $229. On March 5, a payment of $80 was made. The interest rate per month was 1.7% per month of the average daily balance. Find the new balance at the end of March.


A) $150.70
B) $176.08
C) $151.63
D) $151.71

Correct Answer:

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