document.write( "Question 1139384: Hello I have a question about trying to find the finance charge. I could not figure out how to do it right. \r
\n" ); document.write( "\n" ); document.write( "The previous statement for your credit card had a balance of $690. You make purchases of $160 and make a payment of $70. The credit card has an APR of 21%. What is the finance charge for this month? (Round your answer to the nearest cent.)
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Algebra.Com's Answer #759877 by greenestamps(13200)\"\" \"About 
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\n" ); document.write( "New balance: \"690%2B160-70+=+780\"

\n" ); document.write( "Monthly interest rate: \"0.21%2F12\"

\n" ); document.write( "Finance charge for the month: new balance times interest rate: \"780%2A%280.21%2F12%29+=+13.65\"

\n" ); document.write( "The finance charge (to be added to the balance) is $13.65.
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