Question

Assume that Visa charges Francesca 1.6% per month on her unpaid balance. Find the interest owed to Visa when her unpaid balance for the month is $1,250

Answer 1

Find the percent (1.6) of the unpaid balance (1250)

1250 x .016 = 20

Add the answer (20) to the unpaid balance (1250)

Answer is $1270