He has a balance of $50.00 and is charged 20% interest so that's 50*.20 = $<<50*.20=10.00>>10.00

He had a balance of $50.00 and now has a $10.00 interest fee making his balance 50+10 = $<<50+10=60.00>>60.00

His balance is $60.00 and he puts another $20.00 on his card for a total of 60+20 = $<<60+20=80.00>>80.00

He didn't make a payment that month and is hit with another 20% interest fee so that's 80*.20 = $<<80*.20=16.00>>16.00 in interest

His new balance is 80+16 = $<<80+16=96.00>>96.00

# Answer

96
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
Chip has a $50.00 balance on his credit card.  Since he didn't pay it off, he will be charged a 20% interest fee.  He puts $20.00 on his credit card the following month and doesn't make any payments to his debt.  He is hit with another 20% interest fee.  What's the current balance on his credit card?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
96
Chip has a $50.00 balance on his credit card.  Since he didn't pay it off, he will be charged a 20% interest fee.  He puts $20.00 on his credit card the following month and doesn't make any payments to his debt.  He is hit with another 20% interest fee.  What's the current balance on his credit card?
train