Question

If the previous balance on your credit card account is $288.44, the periodic rate is 0.7%, you made a payment of $45, and you had new purchases of $120.33, then how much is the new balance this month?

Answer 1

Answer: $46,619

»» 288.44 / 0.7%

»› 41,205

»» 45 x 120.33

»» 5,414

A=41,205

A=5,414

A=46,619

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