March 1
Previous Balance $2211.52
March 3
Payment
$727.27
March 10
P...
Mathematics, 23.02.2022 14:00 india73
March 1
Previous Balance $2211.52
March 3
Payment
$727.27
March 10
Purchases
$355.46
March 21
Payment
$192.81
March 29 Purchases
$292.46
Using the average daily balance method, Pablo's new balance on April I would be $1954.86
Mike's credit card statement showed these transactions during the month of June with interest rate 1.5%
June 1
Previous Balance $159.57
June 5
Purchases $347.46
June 20 Payment
$109.72
Using the average dally balance method, Mike's new balance on July I would be $404.27.
Tamera's credit card statement showed these transactions for the month of September with interest rate 1.5%
September 1 Previous Balance S47.28
September 13 Purchases $236.10
September 17 Payment
$81.04
September 19 Purchases
$350.18
Using the average dally balance method, Tamera's new balance on October I would be $558.06.
Part: 0/2
Part 1 of 2
() For the credit cards, find the new balance on the first of the month following the given purchases if the credit card company uses the unpaid balance
method, rather than the average daily balance method. Assume that the monthly interest rate remains the same. Round the answers to the nearest cent.
For Pablo, the new balance due on April 1st is $?
For Mike the new balance due on
July 1st is $?
For Tamera, the new balance due on Oct 1st is $?
Answers: 2
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