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Unpaid balance method: previous balance: $1280 payment: $200 new purchases: $52 and $48 periodic rate: 1.6% what is the new balance?

Unpaid balance method: previous balance: $1280 payment: $200 new purchases: $52 and $48 periodic rate: 1.6% what is the new balance?
asked 104k views
4 votes
Unpaid balance method: previous balance: $1280 payment: $200 new purchases: $52 and $48 periodic rate: 1.6% what is the new balance?

asked
User Isundil
by
7.2k points

1 Answer

2 votes
New balance
1,280−200+(52+48)+1,280×(0.016÷12)
=1,181.71
answered
User Wogan
by
7.7k points
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