elijah's credit card statement showed these items: Last Balance Payments Finance Rate New Charges $152.58 $45.00 1.5% $213.40 Wh

Question

Black_prince [1.1K]

2 years ago

5

elijah's credit card statement showed these items: Last Balance Payments Finance Rate New Charges $152.58 $45.00 1.5% $213.40 Wh

at is Elijah's new balance? $320.98 $322.59 $323.27 $397.51

Mathematics

1 answer:

elena55 [62] · Answer 1 · 2022-07-31T19:54:28+03:00

Answer:

Option A,$320.98 is correct

Step-by-step explanation:

The new balance on Elijah's credit is the sum of the last balance plus new charges minus payments made.

last balance as shown by the statement was $152.58

new charges were $213.40

payment made by Elijah was $45

new balance=$152.58+$213.40-$45=$320.98

The rationale for this is that the new charges on the card account add to previous balance owed by Elijah while the payment of $45 made reduces overall balance.