Bianka has a credit line of $8,000. She had a previous balance of $567.91 and made a payment of
1 answer:
Answer:
Step-by-step explanation:
We have the following data:
Bianka's credit line = $8,000
Bianka's previous balance = $567.91
Payments = $1,200
Total purchases = $986.79
Finance charge = $10.00
Well, firstly we have to find Bianka's current balance, which is her previous balance minus all her payments, purchases and charges:
Bianka's current balance = Bianka's previous balance - (Payments + Total purchases + Finance charge)
Bianka's current balance = $567.91 - ($1,200 + $986.79 + $10.00)
Bianka's current balance = -$1628.88
Now we can find her available credit, which is her credit line with the addition of the calculated current balance:
Bianka's available credit = Bianka's credit line + Bianka's current balance
Bianka's available credit = $8,000 + (-$1628.88)
<u>Finally we have:</u>
Bianka's available credit = $6371.12
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