Amari has a previous balance of $691 on a credit card with a 17.1% APR compounded monthly. If he made a payment of $95 this mont
2 answers:
Amari has a previous balance of $691 on a credit card .
Interest rate is 17.1% APR compounded monthly.
Amari has made a payment of $95 this month.
Balance Amount$
Now using the given interest rate we can find the new balance amount as below:
New Balance Amoiunt=$596+$596*
New Balance Amoiunt==$
Hence New balance on the credit card is $697.916
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