# ALGEBRA Assignment help- Jose Martinez has a credit card that uses the unpaid balance method to compute his finance charge

1. ALGEBRA Jose Martinez has a credit card that uses the unpaid balance method to compute his finance charge. His statement had a previous balance of \$329.00, payments of \$230.00, and a finance charge of \$1.88. To the nearest hundredth percent, what monthly periodic rate is he being charged?
A) 0.3%B) 1.0%C)1.75%D)1.9%
2. ALGEBRA Sophie Housman’s charge account uses the unpaid balance method to compute the finance charge at a monthly periodic rate of 1.75%. During the month, she charged \$224.56, made a \$300 payment, and had an \$8.70 finance charge. What was Sophie’s unpaid balance?
A) \$497.14B) \$299.75C) \$156.32D) \$75.44
3. ALGEBRA Dwight Thom’s charge account uses the unpaid balance method to compute the finance charge at a monthly periodic rate of 1.8%. During the month, he charged \$458.25, made a \$600.00 payment, and had a \$9.12 finance charge. What was Dwight’s unpaid balance?
A) \$412.36B) \$506.67C) \$685.96D) \$7,875.00
4. ALGEBRA Shahil Leekhas’s credit card finance charge is based on the average-daily balance method, new purchases included. His monthly periodic rate is 2.1% and her finance charge for the past billing cycle was \$32.00. Find his avrege daily balance.
A) \$1,523.81B) \$825.14C) \$672.00D) \$67.20
5. The table below shows the activity on Katrina James charge account . The finance charge is computed at 2% of the average daily balance, new purchases included. The billing period is from March 1-31. Katrina’s previous balance was \$220.15. What is Katrina’s new balance?
\$75,00 payment on 3/5\$320.15 purchase on 3/15\$200.00 payment on 3/20
A) \$303.18B) \$270.36C) \$420.36D) \$620.36