a credit card company charges $5 for everyday a payment is paid late. kelsey was 5 days late on her payment…
a credit card company charges $5 for everyday a payment is paid late. kelsey was 5 days late on her payment of $50. she had $126 in her bank. what was her balance after she paid her bill?
Answer
Explanation:
Step1: Calculate late - fee
The late - fee is $5 per day and she was 5 days late. So the late - fee is $5\times5 = 25$.
Step2: Calculate total amount to pay
The original payment is $50 and the late - fee is $25. So the total amount to pay is $50 + 25=75$.
Step3: Calculate remaining balance
She had $126 in her bank. After paying $75, the remaining balance is $126−75 = 51$.
Answer:
51