Dominick’s unpaid credit card balance was $2103.24. His APR is 14.4%.
1 answer:
New balance=previous balance+finance charge+New transaction
First we need to calculate the finance charge in order to find the new balance
Finance charge=2,103.24×(0.144÷12 months)
=25.24
New balance
2,103.24+25.24+280
=2,408.48
Hope it helps!
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