Calculate the finance charge and new balance using the previous balance method. previous balance = $199.19 annual rate = 14%

Finance charge =  $2.32

new balance = $201.51

Step-by-step explanation:

Finance charge = Previous balance×Periodic percentage rate

The previous balance is 199.19

The annual percentage rate is 0.14. Therefore, the periodic percentage rate is; (0.14/12)

Finance charge = 199.19 * (0.14/12)

                           = 2.3239 = $2.32

new balance = previous balance + finance charge

                      = 199.19 + 2.32

                      = $201.51

7.86 is the answer

Step-by-step explanation:

30% of 24.50 is 7.35.

7.35+ 7% is 7.86

7.86 to the nearest cent is 7.86