Alice Sloan has a charge account that charges 1.5% of the previous balance for a finance charge. Her statement shows purchases totaling $98.15, a previous balance of $364, and a payment of $90. What is the new balance?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.