Solve the problem.
-The unpaid balance in an account at the beginning of December was $114. A payment of $20 was made on December 21. The finance charge rate was 1.6% per month of the average daily balance. Find the new balance at the end of December.
A) $95.66
B) $95.71
C) $95.60
D) $111.10
Correct Answer:
Verified
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