Mr. Smith has incurred a 2% finance charge because he was not able to pay on time for his balance worth $150. If he plans to settle his balance today, how much will Mr. Smith pay?
The finance charge amounts to $150 x 2/100 = $<<150*2/100=3>>3.
Thus, Mr. Smith will pay a total of $150 + $3 = $<<150+3=153>>153.
#### 153