The table below shows a summary of Kaitlin's credit card statement for the month of February.
Transaction types Amount
Unpaid balance from January (Beginning balance on February 1) $2802.38
Purchases made during the month of February $543.55
Payments made during the month of February $389.60
Complete the parts below. Write your answer to the nearest cent. (a) Suppose the credit card company charges 1.9% monthly interest on the unpaid balance from January. How much interest will this be? (b) What will Kaitlin's unpaid balance be on her March 1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on her February balance yet.)
Answers: 1
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The table below shows a summary of Kaitlin's credit card statement for the month of February.
Trans...
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