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3 years ago

3 Points

Mathematics

1 answer:

jolli1 [7]3 years ago

8 0

Answer:55555

Step-by-step explanation:3 Points

Dawn's credit card has an APR of 15%, calculated on the previous monthly

balance, and a minimum payment of 2%, starting the month after the first

purchase. Her credit card record for the last 7 months is shown in the table

below.

End of

month

Previous

balance

50.00

51700.00

$1687 25

$1674 60

$1662 04

$1649.57

51637 20

New

charges

$1700 00

50.00

50 00

50.00

Payment

received

$0.00

$34 00

533 75

533 49

$3324

$32.99

$32.74

Finance

charges

50.00

521 25

$21 09

$20.93

$20.78

520 62

$20.46

Principal

paid

$0.00

$12.75

$1265

$12.56

$1247

$12.37

$1228

New

balance

$1700.00

$1687 25

51674 60

S1662 04

$1649 57

S1637 20

S1624 92

50.00

How much of the initial purchase has Dawn paid off over the 7 months?

Answer:

Step-by-step explanation:

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