Depends on the definition of "unpaid balance method".
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