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9 years ago
Katie had an unpaid balance of $3,155.15 on her credit card statement at the beginning of October. She made a payment of $215.00 during the month, and made purchases of $412.01. If the interest rate on Katie's credit card was 6.5 percent per month on the unpaid balance, find her finance charge and the new balance on November 1.
 A.Finance charge = $195.14; new balance = $3,447.31   
 B.Finance charge = $215.19; new balance = $3,467.36   
 C.Finance charge = $205.08; new balance = $3,557.25   
 D.Finance charge = $200.00; new balance = $3,452.17   
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