Unit 7 multiple choice

Japhus Moore’s credit card statement showed a previous balance of $921.07, a finance charge of $13.80, new purchases of $962.01, and a payment of $990.37. What is his new balance?

• $952.82

• $753.61

• $906.51

Dudley Greene’s charge account statement shows an unpaid balance of $376.00. The monthly finance charge is 1.85 percent of the unpaid balance. What is the finance charge?

• $7.98

• $6.96

• $5.64

Destiny Paxton has a previous balance at Coffee Emporium of $59.27. She had payments and credits of $29.21. The finance charge is 1.75 percent of the unpaid balance and she had $16.16 in new purchases. What is the new balance?

• $43.21

• $47.11

• $46.75

What is the average daily balance (no new purchases included)?

• $7.01

• $10.13

• $11.22

Find the average daily balance (no new purchases included).

• $263.98

• $234.78

• $321.77