Question

Sam has an account with a department store. His daily balance for the first 12 days of April was $125.47. His daily balance for the next 5 days was $151.25. For the last 13 days it was $177.63. What was his finance charge if the store used a rate of 2%? i willmark u brainliest if answer is right and will follow u too

Answer 1

$457.40

GiVen:-

• Daily balance for the first 12 days of April was $125.47.
• Daily balance for the next 5 days was $151.25.
• Daily balance for the last 13 days it was $177.63.
• Storage rate is 2%

AnsWer:-

$\sf \: Financial \: Charge \: after \: 30 \: days :-$

$\implies\sf \: (125.47 + 151.25 + 171.63)+ (125.47 \times 12 + 151.25 \times 5 + 177.63 \times 13)\times ( \dfrac{2}{30} )\%$

$\implies \sf \: 454.35 + (1505.64 + 756.25 + 2309.19) \times( \dfrac{1}{15})\%$

$\implies \sf \: 454.35 + 3.05$

$\implies{\underline{ \boxed{ \sf{ \purple{457.40}}}}}$

$\therefore$The total financial charge after 30 days is $457.40