Thread: revolving credit card.

the card has an annual percentage rate of 15%

last months balance on the card was $423.78. During the month purchases totaled $123.43. a payment of $100 was paid.

using the "unpaid balance method" what is the finance charge and what will be the the current balance.

well for the finace charge I used the last month's balance of

then for the new balance.




this is one of the multiple choices but wasn't sure just what balance you apply the
to?

Depends on the definition of "unpaid balance method".