Answer:
The new balance the next month is $196.87
Step-by-step explanation:
The unpaid balance before interest is: $243.96
She makes a payment of: $50.00
So we subtract the payment from the unpaid balance:
$243.96 - $50.00 = $193.96
New balance: $193.96
Interest rate = 1.5%
193.96 × 1.5/100 = 2.91
Interest: 2.91
new balance = balance + interest = 193.96 + 2.91 = 196.87
The new balance the next month would be: $196.87
