1 Determine the new balance. (13.0K)A) $326.20 B) $673.80 C) $712.90 D) $1,473.80 2 Greg Forrester's charge account showed a previous balance of $142.35, a finance charge of $1.78, new purchases of $45.23 and $15.67, a payment of $50.00, and a credit of $12.84. What is the new balance?A) $142.19 B) $152.51 C) $227.87 D) $277.87 3 Glen Keenan's charge account statement shows a previous balance of $97.52, a finance charge of $1.46, new purchases of $12.96 and $54.00, a payment of $30.00, and a credit of $26.99. What is the new balance?A) $108.95 B) $195.94 C) $192.93 D) $222.93 4 Elena Martinez's charge account statement shows a previous balance of $218.97, a finance charge of $3.28, new purchases of $46.78 and $24.32, a payment of $40.00, and a credit of $23.09. What is the new balance?A) $81.50 B) $207.68 C) $230.26 D) $356.44 5 The previous monthly balance on Esi Hadi's charge card is $344.56. She makes a payment of $250.00 and has charges of $123.45, $21.56, and $45.90. There is no finance charge. What is the new balance?A) $94.56 B) $285.47 C) $403.65 D) $785.47 6 Jim Garcia's monthly credit card statement has a previous balance of $405.67. It shows Jim's $300.00 payment. This month's new purchases were $12.50 and $142.32. The account posted a $45.90 credit and the finance charge was $7.65. What is the new balance?A) $222.24 B) $304.04 C) $523.12 D) $914.04 7 Eric Kawasaki's monthly statement for his credit card shows a $890.34 previous balance, his $270.00 payment, a $12.34 finance charge, and credits of $23.78 and $43.56. This month's new purchases are $456.90 and $32.45. What is the new balance?A) $1,054.69 B) $1,594.69 C) $1,642.25 D) $1,729.37 8 Cynthia Roberts has a charge account at Harry's Hardware which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.5%. Cynthia's previous balance is $178.85, and she had payments and credits of $74.00. If she has new purchases of $98.74, what is her new balance?A) $305.39 B) $206.64 C) $205.16 D) $156.42 9 The Adora Smith has a charge account which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.5%. The Adora's previous balance is $47.25, and she had payments and credits of $26.85. If she has new purchases of $113.68, what is her new balance?A) $81.50 B) $134.08 C) $136.09 D) $134.39 10 Hunter Schatzel has a charge account which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.5%. Hunter's previous balance is $98.56, and he had payments and credits of $47.97. If he has new purchases of $136.85, what is his new balance?A) $9.68 B) $51.35 C) $187.44 D) $188.20 11 Asa Redd has a charge account which uses the unpaid-balance method of computing finance charges. The periodic rate is 1.9%. Asa's previous balance is $425.32, and he had payments and credits of $326.12. If he has new purchases of $821.47, what is his new balance?A) $101.08 B) $920.67 C) $922.55 D) $1,572.91 12 ALGEBRA Jose Martinez has a credit card that uses the unpaid-balance method to compute his finance charge. His statement had a previous balance of $329.00, payments of $230.00, and a finance charge of $1.88. To the nearest hundredth percent, what monthly periodic rate is he being charged?A) 0.3% B) 1.0% C) 1.75% D) 1.9% 13 ALGEBRA Sophie Housman's charge account uses the unpaid-balance method to compute the finance charge at a monthly periodic rate of 1.75%. During the month, she charged $224.56, made a $300 payment, and had an $8.70 finance charge. What was Sophie's unpaid balance?A) $497.14 B) $299.75 C) $156.32 D) $75.44 14 ALGEBRA Dwight Thom's charge account uses the unpaid-balance method to compute the finance charge at a monthly periodic rate of 1.8%. During the month, he charged $458.25, made a $600 payment, and had a $9.12 finance charge. What was Dwight's unpaid balance?A) $412.36 B) $506.67 C) $685.96 D) $7,875.00 15 Peter Raynor has a charge account at Art's Supplies. The finance charge is computed using the average-daily-balance method where new purchases are included. The billing period is from June 1-30. Peter's previous balance is $112.34. On June 12, he made a payment of $25.00, and on June 18, he made a purchase of $54.68. What is his average daily balance?A) $32.66 B) $82.66 C) $120.20 D) $142.02 16 The table below shows the activity on Warren Glassman's charge account. The finance charge is computed using the average daily balance method-new purchases included. The billing period is from December 1-31. Warren's previous balance was $156.78. What is Warren's average daily balance? (7.0K)A) $167.96 B) $164.09 C) $162.15 D) $161.64 17 Tamara Verri has a charge account where the finance charge is computed using the average-daily-balance method where new purchases are included. The billing period is from November 1-30. Her previous balance is $162.54. On November 12, she made a payment of $50.00 and on November 18 she made a purchase of $32.37. What is her average daily balance?A) $44.69 B) $144.90 C) $180.18 D) $244.91 18 Guido Spano has a charge account at Orange County Tile. The finance charge is computed using the average-daily-balance method where new purchases are included. The billing period is from September 1-30. His previous balance is $317.94. On September 12, he made a payment of $125.00, and on September 18, he made a purchase of $157.84. What is his average daily balance?A) $308.58 B) $318.86 C) $473.90 D) $489.70 19 ALGEBRA Sahil Leekha's credit card finance charge is based on the average-daily-balance method-new purchases included. His monthly periodic rate is 2.1%, and her finance charge for the past billing cycle was $32.00. Find his average daily balance.A) $1,523.81 B) $825.14 C) $672.00 D) $67.20 20 The table below shows the activity on Katrina James' charge account. The finance charge is computed at 2% of the average daily balance-new purchases included. The billing period is from March 1-31. Katrina's previous balance was $220.15. What is Katrina's new balance? (8.0K)A) $303.18 B) $270.36 C) $420.36 D) $620.36