I have a past due balance of $87.50 and my new charges are $75.00. I was also charged a late fee of 15% of my past due balance.

Question

vladimir1956

15 days ago

8

I have a past due balance of $87.50 and my new charges are $75.00. I was also charged a late fee of 15% of my past due balance.

What is my new total?" Employee: "Your new total is

Mathematics

2 answers:

PIT_PIT [3.9K] · Answer 1 · 2026-02-18T01:32:33+03:00

PIT_PIT [3.9K]15 days ago

8 0

Past due amount = $87.50
Late fee equals 15% of $87.50, which is 0.15 × 87.50 = $13.125
New charges are $75.00

Total due now = 87.50 + 13.125 + 75 = $175.625

Final total: $175.63

AnnZ [3.8K] · Answer 2 · 2026-02-18T01:33:50+03:00

AnnZ [3.8K]15 days ago

6 0

Answer:

$175.625

Detailed explanation:

To calculate the late fee, find 15% of $87.50.

$\text{Late fee}=\frac{15}{100}\times 87.50$

$\text{Late fee}=0.15\times 87.50$

$\text{Late fee}=13.125$

Add the past due amount, late fee, and new charges to find the updated total.

$\text{New balance}=\text{Past due balance + Late fee + New charges}$

Plug the given numbers into the equation to compute the new balance.

$\text{New balance}=87.50+13.125+75$

$\text{New balance}=175.625$

Hence, the updated balance is $175.625.

I have a past due balance of $87.50 and my new charges are $75.00. I was also charged a late fee of 15% of my past due balance.

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