Calculate the new balance using the previous balance method. Previous balance = $34.80 Finance charge = $0.75 New purchases = $8
3.21 Payments/credits = $5.50 New balance = $______ 111.76 113.26 124.26 -55.46
1 answer:
<h3>Given</h3>
new balance = previous balance + finance charge + purchases - payments
previous balance = $34.80
finance charge = $0.75
purchases = $83.21
payments = $5.50
<h3>Find</h3>
new balance
<h3>Solution</h3>
Fill in the given information and do the arithmetic.
... new balance = previous balance + finance charge + purchases - payments
... new balance = $34.80 + 0.75 + 83.21 - 5.50
... new balance = $113.26 . . . . matches the 2nd choice
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