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miss Akunina [59]

3 years ago

14

Tyler’s credit card statement shows a previous balance of $6834.53, a payment of $200, and a new transactions totaling $375. His

APR is 20.2%. What is his new balance? What can he do to decrease his credit card debt?

1 answer:

trapecia [35]3 years ago

4 0

New balance
6,834.53−200+375+(6,634.53×0.202)
=8,349.70

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Answer:

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The formula for that is given by,

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Read 2 more answers