Multiple Choice
Solve the problem.
-The March 1 unpaid balance in an account was $190. On March 7, a payment of $75 was made. The finance charge rate was 1.7% per month of the average daily balance. Find the new balance at the end of March.
A) $117.14
B) $117.20
C) $116.70
D) $137.02
Correct Answer:
Verified
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