Annette has a bank card. Her billing date is July 4. The balance due at that date was $870. She sent a payment of $400, which the bank received on July 12. She made a new purchase on July 31 for $200.
What will the finance charge be for August 4 if the bank charges 1.3% per month and uses the
Unpaid balance method?

Question

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The Answer of Annette has a bank card. Her billing date is July 4. The balance due at that date was $870. She sent a payment of $400, which the bank received on July 12. She made a new purchase on July 31 for $200.
What will the finance charge be for August 4 if the bank charges 1.3% per month and uses the
Unpaid balance method?

Annette Has a Bank Card