Question

Fred is looking over his credit card statement from the past couple of months there is a balance of 16443 this month which is 30% less than last month what was the balance last month

Answer 1

Last month balance= $23.490

Explanation:

Giving the following information:

Current balance= $16,443

Percentage decrease= 30%

To calculate the last's mont balance, we need to use the following formula:

Last month balance= current balance / (1 - percentage decrease)

Last month balance= 16,443/0.7

Last month balance= $23.490