Question

3. On November 12, the balance on a credit card was $1,239.79. A payment of $215 was made on November 20, a charge of $46.90 was made on November 26, and another charge of $80.00 was made on November 30. If the finance charge is based on a 1.75% interest rate, calculate the unpaid balance on December 12.

Fig: 1

Fig: 2