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

Quizplus · Accepted Answer

The Answer of 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.

Inga Suave Has a Revolving Department Store Credit Card with an Annual