vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5…

vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5 days. if her payment is late, the credit card company charges a $30 late fee. vera wants to pay the full amount to have a zero balance. how much should she pay if her online payment is processed on july 6th?

vera has a june credit card balance of $476.09. her payment due date is june 27th, with a grace period of 5 days. if her payment is late, the credit card company charges a $30 late fee. vera wants to pay the full amount to have a zero balance. how much should she pay if her online payment is processed on july 6th?

Answer

Answer:

$506.09$

Explanation:

Step1: Determine due - date with grace period

The due date is June 27th with a 5 - day grace period, so the latest non - late date is July 2nd.

Step2: Check if payment is late

The payment is processed on July 6th, which is after July 2nd, so it is late.

Step3: Calculate amount to pay

The original balance is $476.09$ and there is a $30$ late fee. So the amount to pay is $476.09 + 30=506.09$.