SOLUTION: John Paul owed a credit card company $490. He paid $50 one month and did not charge any new items. He is charged 1.5% monthly interest on the unpaid balance. How much will his new

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Question 1197323: John Paul owed a credit card company $490. He paid $50 one month and did not charge any new items. He is charged 1.5% monthly interest on the unpaid balance. How much will his new balance be?
A. $447.35
B. $446.60
C. $440.00
D. $497.35
Would B. $446.60 be the correct answer?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi  
Yes
Wish You the Best in your Studies.


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