Answer:
The new account balance is $812.
Step-by-step explanation:
Given:
Larry Thomas's charge account statement shows an unpaid balance of $800.
The monthly finance charge is 1.5% of the unpaid balance.
Now, to find the new account balance.
Unpaid balance = $800.
Monthly finance charge of the unpaid balance = 1.5%.
Now, to get the new account balance:
$800 + 1.5% of $800.
[tex]=800+\frac{1.5}{100} \times 800.[/tex]
[tex]=800+0.015\times 800.[/tex]
[tex]=800+12.[/tex]
[tex]=\$812.[/tex]
Therefore, the new account balance is $812.
