Vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5 days. if her payment is late, the credit card company charges a $30 late fee.

vera wants to pay the full amount to have a zero balance. how much should she pay if her online payment is processed on july 6th?

She should pay $506.09 if her online payment is processed on July 6th.

Step-by-step explanation:

Given :

Vera has a June credit card balance of $476.09.

Her payment due date is June 27th, with a grace period of 5 days.

Late fee = $30

To Find: How much should she pay if her online payment is processed on July 6th?

Solution:

Her date of payment is 27th June

She has a grace period of 5 days .

So, she can pay till (27th June + 5 days =) 2nd July without any late fees.

If she pays the balance after 2nd July .So, she need to pay $ 30 as late fees.

Since we are given that She is paying amount on 6th July .

So, it is not under the grace period.

So, she has to pay late fees i.e. $30

So, total amount  = Balance+ Late fees = $476.09+$30 = $506.09

Hence She should pay $506.09 if her online payment is processed on July 6th.

She should pay $506.09 if her online payment is processed on July 6th.

Step-by-step explanation:

Given :

Vera has a June credit card balance of $476.09.

Her payment due date is June 27th, with a grace period of 5 days.

Late fee = $30

To Find: How much should she pay if her online payment is processed on July 6th?

Solution:

Her date of payment is 27th June

She has a grace period of 5 days .

So, she can pay till (27th June + 5 days =) 2nd July without any late fees.

If she pays the balance after 2nd July .So, she need to pay $ 30 as late fees.

Since we are given that She is paying amount on 6th July .

So, it is not under the grace period.

So, she has to pay late fees i.e. $30

So, total amount  = Balance+ Late fees = $476.09+$30 = $506.09

Hence She should pay $506.09 if her online payment is processed on July 6th.

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