Question

If the balance is $1020, the payment is $100, and the interest is 1.5% per month, how much is the unpaid balance?

A) $920.00

B) $933.80

C) $13.80

D) $1,020.00

Answer 1

Unpaid balance=previous balance-payment

Previous balance 1020
Payment 100

Unpaid balance=1020-100=920

So the answer is a
Hope it helps!