What is the finance charge at the end of august

Reference no: EM13180394

Jason's credit card's beginning unpaid balance for August is $3,000. During the August billing cycle he made a payment of $250 and used card to purchase $75 worth of groceries. Credit card charges 23% annual percentage rate and uses the unpaid balance method.

a. What is the finance charge at the end of August?

b. What is the new balance at the end of August?

Reference no: EM13180394

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