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On April 1, the Unpaid Balance in an Account Was

Question 63

Multiple Choice

On April 1, the unpaid balance in an account was $218. A payment of $30 was made on April 11. On April 21, a $40 purchase was made. The finance charge rate was 1.15% per month of the
Average daily balance. Find the new balance at the end of April.


A) $190.28
B) $220.28
C) $229.15
D) $230.43

Correct Answer:

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