Inga Suave has a revolving department store credit card with an annual percentage rate of 18%. Her previous month's balance is $826.39. During August, she has purchases of $289.16, returns of $29.99, and made a payment of $126.50. The store uses the unpaid balance method to calculate finance charges.
a.What is the amount of the finance charge for August?b.What is Inga's new balance?
What will be an ideal response?
| a. | $12.40 |
| b. | $971.46 |
Business
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