Question

Gary’s unpaid credit card balance is $2543. 32. His apr is 17. 4%, and he made one new transaction for $320. What is his new balance?.

Answer 1

Step-by-step explanation:

New Balance = 2543.32(1 + 0.174/12) + 320 = 2543.32(1.0145) + 320 = 2580.20 + 320 = $2900.20