Unpaid balance method to find finance charge

Nick has a revolving department store credit card account with an annual percentage rate of 15%.Last months balance on the account was $423.78.During the current month, he made pur

Unpaid balance method to find finance charge
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Nick has a revolving department store credit card account with an annual percentage rate of 15%.

Last months balance on the account was $423.78.

During the current month, he made purchases totaling $123.42 and made a payment of $100.

The store uses the unpaid balance method.

According to this information, what must be the amount of the finance charge? Round your answer to the nearest cent.

I cant seem to find a way to do an unpaid balance method for this question and finance charge. HELP ME PLEASE!Copyright © 2008-2015. All rights reserved. Solving-Math-Problems.com

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