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Brians statement shows a previous balance of $4248.64, a payment of $250, and new transactions totalling $326. What is his new balance if his APR is 12.3% A. $3998.64 B. $4365.6…

Brians statement shows a previous balance of $4248.64, a payment of $250, and new transactions totalling $326. What is his new balance if his APR is 12.3% A. $3998.64 B. $4365.6…
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Brians statement shows a previous balance of $4248.64, a payment of $250, and new transactions totalling $326. What is his new balance if his APR is 12.3%

A. $3998.64
B. $4365.63
C. $4368.97
D. $5064.47

asked
User Zulakis
by
9.0k points

1 Answer

0 votes
New balance
4,248.64−250+326+(3,998.64×(0.123/12))
=4,365.63
answered
User Natan Yellin
by
7.2k points
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