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Solve the Problem. -The March 1 Unpaid Balance in an Account Was $190

Question 68

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:

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