Question 1077300
TI's visa company charges 0.6 finance charge each month on any unpaid balance. how much was ti's balance for june if he was charged a 8.40 finance charge? is this the right formula, (1+r)B=A? 
B + 0.6B = A
(1+0.6)B = A
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(1+r)B = A
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Cheers,
Stan H.
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