Question

2. Your previous balance on your credit card is

$419.29. You make a payment of $95, and make new
purchases of $79.31. Your finance charge is 2% of
the unpaid balance. Find the unpaid balance, the
finance charge, and the new balance.

Answer 1

Explanation:

Previous balance Payments Purchases Finance charge New Balance ... 2. Suppose you have a balance of $13,000 on your credit card which has an APR of 22%.