Marika Katz bought a $7,000 computer. Based on her income, Marika could afford to pay back only $700 per month. The charge on the unpaid balance is1 $\frac {\text {1 }} { \text {2 } }$ % . The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month.

Question

Marika Katz bought a $7,000 computer. Based on her income, Marika could afford to pay back only $700 per month. The charge on the unpaid balance is1

\frac {\text {1 }} { \text {2 } }

% . The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month.

Quizplus · Accepted Answer

The Answer of Marika Katz bought a $7,000 computer. Based on her income, Marika could afford to pay back only $700 per month. The charge on the unpaid balance is1$\frac {\text {1  }} { \text {2 } }$% . The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month.

Marika Katz Bought a $7,000 Computer 1 2 \frac {\text {1 }} { \text {2 } }2 1 ​

Marika Katz Bought a $7,000 Computer $\frac {\text {1 }} { \text {2 } }$