Your opening balance this month was $1,664.00. In the last thirty days you made the following purchases: $27.35, $54.15, and $125.00. You are charged 15% annual interest (or 1.25% per month). If you pay a full month's interest on those purchases, what will your new balance be?

9514 1404 393

  $1,893.88

Step-by-step explanation:

The new balance before the finance charge is added is ...

  $1664.00 +27.35 +54.15 +125.00 = $1870.50

The finance charge is then ...

  $1870.50 × 0.0125 = $23.38

So, the new balance is ...

  $1,870.50 +23.38 = $1,893.88

Juanita did not change the 7% to the decimal 0.07. When she completes the problem as written, the interest will be greater than the money she borrowed.

Step-by-step explanation:

hi  e d g u e n i t y  cheaters hehe, i mean you know i aint lying doe