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? Let's think first. Chain of thought:
The finance charge amounts to $150 x 2 / 100 = $3. Thus, Mr. Smith will pay a total of $150 + $3 = $153.
Therefore, the answer is 153.