Question

Andre Moore's charge card account has a previous balance of $787.29. Moore made a $100.00 payment. The new purchases include $47.97 and $49.28; with a finance charge of $11.81. What is the new balance?​

Answer 1

$796.35

Explanation:

new balance = previous balance - payments + finance charge + purchases

⇒ new balance = 787.29 - 100 + 47.97 + 49.28 + 11.81 = 796.35