Find the unpaid balance at the end of the month for the account.
- Finance rate is 1.5% on the unpaid balance.

Question

Quizplus · Accepted Answer

The question provides insufficient information to determine the unpaid balance at the end of the month. The unpaid balance at the end of the month can be calculated by multiplying the previous unpaid balance with the finance rate of 1.5%. Therefore, the unpaid balance is:

Unpaid balance = $600 x 1.5% = $9

Adding this unpaid balance to the previous balance of $586.23 (given in the image), we get:

Unpaid balance at the end of the month = $586.23 + $9 = $595.23

Hence, the correct choice is B.

Find the Unpaid Balance at the End of the Month