Rory paid his previous balance of $1,045 in full but was a week late in making his payment. Since his credit card company's policy is $29.00 for being late and a finance charge of 1.5% of the balance with a minimum of $25, how much will be added in fees to his next bi? Select one O a s54.00 O b. $156.75 OC S44.68 d. $85.75

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Rory paid his previous balance of $1,045 in full, but was a week late in making his payment, Since his credit card company's policy is $29.00 for being late and a finance charge of
1.5% of the balance with a minimum of $25. how much will be added in fees to his next bil?
Select one
O a 55400
O b. $156.75
OC s44.68
Od. $85.75
Transcribed Image Text:Rory paid his previous balance of $1,045 in full, but was a week late in making his payment, Since his credit card company's policy is $29.00 for being late and a finance charge of 1.5% of the balance with a minimum of $25. how much will be added in fees to his next bil? Select one O a 55400 O b. $156.75 OC s44.68 Od. $85.75
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