Question

1) Aaron had an unpaid balance of $2147.00 on his credit card statement at the beginning of December. He made a payment of $100.00 during the mouth. If the interest rate on Aaron's credit card was 19% per mouth on the unpaid balance, find the finance charge and the new balance on January 1.

2) Janice had an unpaid balance of $1394.47 on her credit card statement at the beginning of January. she made a payment of $100.00 during the mouth, and made purchases of $124.50. If the interest rate on Janice's credit card was 18.5% per mouth on the unpaid balance, find her finance charge and the new balance on February 1.

Answer 1

Answer:

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