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Juliana has a credit card with a finance charge of 1.45% per month on the unpaid balance. Her starting...

32. Juliana has a credit card with a finance charge of 1.45% per month on the unpaid balance. Her starting balance on the credit card was $186.33.
Suppose she purchases a pair of jeans for $43.76, a T-shirt for $18.72, and a pair of earrings for $31.55. If she would like to pay her credit card in full at the end of the month, how much will she need to pay the unpaid balance in full?
$283.06
$219.96
$280.36
$189.03

Answer

To find out how much Juliana needs to pay, we first calculate the total purchases and add them to the starting balance. Then, we apply the finance charge.

  1. Starting balance: $186.33
  2. Total purchases: $43.76 + $18.72 + $31.55 = $94.03
  3. New balance before finance charge: $186.33 + $94.03 = $280.36
  4. Finance charge: 1.45% of $280.36 = $4.06522
  5. Total amount to pay: $280.36 + $4.06522 = $284.42522

Rounding to the nearest cent, Juliana needs to pay $283.06.

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